Volkswagen to sell Bugatti to Croatia's Rimac, says report
India TodayVolkswagen is in talks to sell its supercar brand Bugatti to Croatian entrepreneur Mate Rimac according to a recent report, and the sale to Mate Rimac will be discussed by VW’s committees this year. To enable Rimac to finance the purchase of Bugatti, VW-owned Porsche is expected to boost its current 15.5 per cent shareholding in the Croatian-based electric supercar maker to as much as 49 per cent. The Porsche shareholding in Rimac would enable the parent company to remain active in its future decision-making at Bugatti. Under the new deal, Bugatti would switch its focus from traditional internal combustion engines to electric-powered supercar production using electric driveline and battery know-how developed by Rimac for its 1914bhp C_Two hypercar.
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