Try and keep up with us here. Porsche, which is a subsidiary of Volkswagen Group, owns a significant portion of Bugatti, which used to be one of Volkswagen’s brands but now belongs to a joint venture with Rimac. However, if recent reports are to be believed, the Croatian supercar manufacturer wants to buy Porsche out entirely, putting cars like the Bugatti Tourbillon entirely within Rimac’s control. If automotive taxonomy could be any more confusing, they’d teach it in AP Bio.
Bugatti May Soon Have A New Holiday Home In Croatia
The joint venture between Porsche and Rimac was formed in 2021 after Bugatti was spun off from Volkswagen Group and partially acquired by Rimac. Porsche owns 45 percent of the new subsidiary, known simply as Bugatti Rimac, while Rimac Group retains the other 55 percent. However, the latter firm wants to change the arrangement. According to Bloomberg, Rimac tendered an offer to Porsche for its minority stake in the company, which at the time of the joint venture was valued at $1.1 billion. Citing unnamed sources that wished to remain anonymous, Bloomberg reported that the Croatian company might look for other partners in its negotiations with Porsche, which are ongoing.
If that’s the case, Bugatti Rimac’s future could look more electric than it does presently. The upcoming Tourbillion’s glorious 8.3-liter V16 engine features extensive electrification, but the $4.1 million Bug’s successor could entirely ditch internal combustion like its Rimac Nevera stablemate. With each Bugatti flagship having a lifespan of about a decade — the Tourbillon will replace the 2016-era Chiron, which in turn succeeded the 2005 Veyron — we could see an all-electric supercar from Molsheim in 2035 or so.
And speaking of France, we doubt full Rimac ownership would see Bugatti move from its ancestral home. That said, the joint venture already operates several different engineering and testing facilities in Germany, Italy, and Croatia, turning the companies’ respective vehicles into a pan-European effort.
Bloomberg reported that Rimac Group – whose largest shareholder remains its founder Mate Rimac — wouldn’t comment publicly on its rumored offer to buy out the joint venture. Porsche, meanwhile, responded to the article saying that it is constantly evaluating “potential optimizations” for its holdings but wouldn’t directly acknowledge whether that included Bugatti Rimac or not.
Related
Mate Rimac Has An Important Message For Every Car Person
Mate Rimac, CEO of Rimac and Bugatti, wants people to use their cars and enjoy them, not hide them away.
As it stands, Rimac Group owns the majority stake in its Bugatti joint venture, as well as the entirety of Rimac Technology, a company which licenses research and engineering for other businesses. Rimac Group itself is held by its founder, with minority stakes from Hyundai and other investors. Confusingly, Porsche also owns a small portion of the larger corporate entity, as well as its 45 percent share of Bugatti Rimac.
Source: Bloomberg
#Rimac #Full #Control #Bugatti
