Meet the world's new fastest car, the Hennessey Venom GT.

At 265.7 mph, the Hennessey Venom GT just made its top speed run, making it technically the fastest car in the world. The Venom GT hit the speed on a run in Texas, following a previous run where it went from zero to 186 in 13.63 seconds.

According to Hennessey, the Texas run makes the Venom GT the fastest car in the world. However, there is a catch. Remember the Bugatti Veyron Super Sport? Yep, that one hit 267.8 mph, slightly above the Venom GT's 265.7. But according to John Hennessey, it doesn't make a difference.

"While a Veyron Super Sport did run 267.8 mph, Bugatti speed-limits its production vehicles to 258 mph," Hennessey said. "Thus, at 265.7 mph the Venom GT is the fastest production car available to the public."

The Hennessey Venom GT was unveiled on March 29, 2010 and is manufactured by Hennessey Performance Engineering. It includes a 1244 bhp V8 engine at 6600 rpm with 1155 lb-ft of torque.

Acceleration runs for the Venom GT were performed at the United States Naval Air Station (NAS) Lemoore in Central California. In February, the vehicle's zero to 186 run established it as the quickest accelerating car in the world, creating a new Guinness World Record. The record was held previously by the Koenigsegg Agera R.

Hennessey is planning to build just 29 Venom GTs and one-third of the production run is already sold. The vehicle is custom built to order and costs $1.2 million.