Bugatti, the brand could be sold to Rimac by the end of 2020

Rimac, an electric car manufacturer and leader in the electrified sector, of which Porsche is already a shareholder, would be in talks with Volkswagen to buy the hypercar brand

According to the German newspaper Manager’s Magazine, during the last board of directors at Volkswagen, there was a lot of talk about the possibility of selling the Bugatti brand to the Croatians of Rimac, the leading company in the electric mobility sector and fresh manufacturer of the Rimac C Two, a 1,888 Hp hypercar; however Volkswagen would be inserting in the negotiation an increase in Porsche shares within the Croatian company: for now these are around 15.5%, but if the agreement goes through, these should reach 49%. The reason for this operation is twofold: on the one hand it is a way to maintain control over Bugatti which would therefore not be “lost”, on the other hand the money that would end up in Rimac in exchange for the additional percentage would be used by the latter to finance the purchase of the French brand.

Agreement by 2020

Again according to the German newspaper Manager’s Magazine, Herbert Diess, CEO of the Volkswagen Group and Volkswagen, would be very confident of being able to close the deal by the end of 2020, although neither he nor the parties involved have confirmed anything for now. However, for the agreement to be signed, the approval of the CEO would not be enough, in fact the approval of the most important shareholders, such as the Chinese battery giant Camel Group and the Hong Kong-based one, China Dynamics, is also needed.

Change of philosophy

Rimac is a company founded in 2009 in Sveta Nedelja, which has established itself as a true excellence in the electric supermobility sector and its creation Rimac C Two is an example; moreover, since its foundation, Rimac has explored new avenues for the electric, experimenting in the field of transmission systems and batteries, obviously necessary to achieve the incredible performance of their cars. Therefore, if Bugatti were to end up under the aegis of the Croatians, there would be a sharp turn in favor of the batteries, which would thus replace the frightening engines that drove the Bugattis to well over 400 per hour.

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