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Australia’s own supercar, the Joss Coupe, is currently under development and figures are starting to emerge about the car’s ability. An article published in the Moorabbin Kingston Leader today suggests the Joss may be faster than the Bugatti Veyron.

To find out CarAdvice talked to Joss Developments founder and technical chief Matt Thomas regarding Australia’s first supercar. To be built in Cheltenham Victoria by a group of 8-10 dedicated workers, the Joss Coupe is currently producing 0-100km/h times of 3.0 seconds flat but Mr Thomas believes it will get faster and head into the 2.7-2.9 category once the project is complete. This will make it faster than any Lamborghini or Ferrari on the market today. The Bugatti Veyron sits almost alone in the 2.3-2.5 second class.

Little is currently known about the powersource of the end product except that it will be from one of the major European manufacturers and have roughly 550 brake horsepower (and deliver a top-speed of 360km/h). We can only guess that it may indeed be a BMW M3/5, Audi RS4/6 engine or one sourced from Mercedes-Benz’s AMG unit.

The Joss development team is expecting to have their first for sale model ready by mid to late next year with an Australian production run of 25 cars per year to follow.

Nonetheless this will only be the beginning as the Joss is engineered for right and left-hand drive. Pricing wise it’s currently estimated to cost around the $500-600,000 AUD but that may change depending on the sourced engine.

Mr Thomas told CarAdvice that Joss Developments (which recently gained some investor funding) is more about  having a company that develops technology rather than just cars. Joss is currently investigating a fair few patentable components.

CarAdvice has good reason to believe the Joss supercar will be seen in production-ready guise at the 2011 Melbourne Motor Show.