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VW offloads Bugatti to Rimac to form new EV company Bugatti-Rimac



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Croatian electric supercar startup Rimac Automobili is taking over Bugatti. Rimac will own a controlling 55% share in the new company, Bugatti-Rimac, with VW’s Porsche owning the remaining 45%, according to reports by the Financial Times.
“Rimac and Bugatti are a perfect match in terms of what we each bring to the table,” said founder and CEO of Rimac, Mate Rimac, in a statement. “As a young, agile and fast-paced automotive and technology company, we have established ourselves as an industry pioneer in electric technologies. With the Nevera, we have also proven that we can develop and manufacture outstanding hypercars, that …

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