Bugatti never built a V-engine, and only designed one: The V16 - T67 of 1939, which was never built.
There was a design for a U16, in 1923, but this was of much older design.
The two T50B engines in the Bugatti airplane are small straight-8 engines, 5 litre, dohc, with compressor. At 450 - 550 (maximum quoted power), a value of 100HP per litre!
So, the engine in the car shown can not be a Bugatti in any way, or a car engine for that matter, as Bugatti already built the biggest with the 12.7 litre T41 Royale (incidentally, in 1943 Bugatti also built a small series of cycle engines, of 12.7cc capacity, with dohc and compressor!)
So, anybody has any idea what this engine is? Or is it really an unrevealed part of Bugatti history (as the owner claims it to be)