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VW Allegedly Selling ‘Bugatti’ To Rimac In Exchange For A Bigger Share In The EV Brand
Volkswagen Group (VW AG) allegedly selling ‘Bugatti’ to Rimac in exchange for a bigger share. If the deal goes through, Bugatti will be transferred to Rimac via Porsche.
This means that Porsche current 15.5 percent stake in Rimac will be increased to 49 percent.
In addition to owning Porsche and Bugatti, VW Group also control Volkswagen; Audi; Bentley; Lamborghini; SEAT; MAN; Ducati and Skoda.
Rimac’s success in developing its own electric drive components has forced several auto brands to invest in it.
Porsche, Hyundai/Kia, Koenigsegg, Jaguar, and Magna, have all invested in the 11 year ago all-electric car company.
Volkswagen (VW Group) is on the verge of selling French Hypercar maker ‘Bugatti‘ to Rimac Automobili in exchange for a bigger share at the Croatian electromobility powerhouse.
According to sources, VW executives reportedly approved the deal last week, but the supervisory board hasn’t sign off the agreement.
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If the deal goes through, Bugatti – the luxury brand best known for its 7-figure 16-cylinder hypercars – will be transferred to Rimac via Porsche in exchange for a bigger share at the company.
Rimac’s success in developing its own electric drive components has forced several automobile brands, including Porsche, Hyundai/Kia, Koenigsegg, Jaguar, and Magna, to invest in the 11 year ago company.
Porsche current 15.5 percent stake will be increased to 49 percent if the deal goes through. Hyundai and Chinese battery maker Camel Group also have 14 and 19 percent stake in Rimac respectively.
In addition to owning Porsche and Bugatti, Volkswagen Group also control Volkswagen; Audi; Bentley; Lamborghini; SEAT; Skoda; MAN and Scania.
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