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For several weeks, rumors have been circulating about a merger between Bugatti and the Croatian manufacturer Rimac Automobili. Last night the Volkswagen Group officially announced the joint venture.
Rimac will now own 55% of the joint venture, leaving 45% to Volkswagen’s Porsche sports car unit. As a reminder, earlier this year, Porsche increased its stake in Rimac to 24%. An investment that had launched the rumors now confirmed.
Herbert Diess, CEO of the Volkswagen Group, has so far intensified his efforts to focus funds on the brands of the German group Audi and Porsche. Europe’s largest automaker has been in the race for the electric vehicle industry for some time, especially in an effort to compete with Tesla.
Bugatti has consistently generated positive results in recent years, said Porsche CEO Oliver Blume. The joint venture with Rimac is set up to generate “very good profitability” that is appropriate for a hypercar manufacturer, he said.
The Bugatti-Rimac venture is expected to officially come into being in the fourth quarter, pending antimonopoly approval. Initially, the brands will produce the Rimac Nevera and the 100% electric Bugatti Chiron.
Mate Rimac, founder of the Croatian brand, said there will be fully electric Bugatti cars in the medium term. For now, he also sees a possibility for the combustion engine to remain “for a while” in hybrid vehicles.
For now, the amounts of this transaction have not been revealed by the two partners.
Read also >VOLKSWAGEN GROUP : STILL CONSIDERING THE FUTURE OF BUGATTI
Featured picture : © Bugatti[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]
For several weeks, rumors have been circulating about a merger between Bugatti and the Croatian manufacturer Rimac Automobili. Last night the Volkswagen Group officially announced the joint venture.
Volkswagen’s Porsche sports car unit. As a reminder, earlier this year, Porsche increased its stake in Rimac to 24%. An investment that had launched the rumors now confirmed.
Herbert Diess, CEO of the Volkswagen Group, has so far intensified his efforts to focus funds on the brands of the German group Audi and Porsche. Europe’s largest automaker has been in the race for the electric vehicle industry for some time, especially in an effort to compete with Tesla.
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For several weeks, rumors have been circulating about a merger between Bugatti and the Croatian manufacturer Rimac Automobili. Last night the Volkswagen Group officially announced the joint venture.
Volkswagen’s Porsche sports car unit. As a reminder, earlier this year, Porsche increased its stake in Rimac to 24%. An investment that had launched the rumors now confirmed.
Herbert Diess, CEO of the Volkswagen Group, has so far intensified his efforts to focus funds on the brands of the German group Audi and Porsche. Europe’s largest automaker has been in the race for the electric vehicle industry for some time, especially in an effort to compete with Tesla.
[…][/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Ftest2023.luxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…
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