News
Porsche Ponders Acquiring A Majority Stake At Bugatti Rimac
Porsche, which currently owns a 45 percent stake in Bugatti Rimac, is contemplating a majority takeover for increased control, according to the German financial portal Manager. Rimac’s founder and director, Mate Rimac, has confirmed that discussions are in progress. He mentioned that the company is in a strong position and expressed interest in raising their ownership stake.
By 2029, Bugatti’s cars are expected to be sold out, and the joint venture is projected to return to profitability in 2025. Should Porsche acquire a majority stake, approval from other investors would be necessary. Rimac’s shareholders include Hyundai, Goldman Sachs, SoftBank, and Invest Industrial. Analysts believe that a takeover could offer strategic advantages for Porsche, which is currently navigating numerous challenges.
Porsche sales have fallen for the third straight quarter. Sales of electric models have slumped, and the launch of the electric Macan has been delayed due to software issues. Development of the electric Cayman and Boxster models is also facing problems, which could delay their arrival on the market. Production of the electric Taycan has been reduced to a single shift due to low demand.
Although Porsche declined to comment on the matter, Mate Rimac said that discussions are underway among the owners about a possible transaction. He also made it clear that the success of Porsche’s takeover is not guaranteed. In addition to Porsche, there are other interested parties, he added.
This could give Porsche an alternative to its announced electric super sports car Mission X (pictured). The concept of the car was presented in 2023, but it is not clear whether it will enter series production. Rimac already admitted this summer that the market environment has changed and that the richest people no longer want electric cars.
