Porsche and Rimac have agreed to set up a joint venture with the involvement of Bugatti.

06-07-2021 11:15 -

Oliver Blume and Mate Rimac signed the relevant contracts and announced the name of the new hypercar manufacturer: Bugatti-Rimac. The establishment of the joint venture with headquarters in Zagreb (Croatia) is planned for the fourth quarter of 2021. Antitrust authorities in several countries still have to give their approval beforehand. Rimac will hold 55 percent and Porsche 45 percent of the shares in the Bugatti-Rimac joint venture. In addition, Porsche has a direct 24 percent stake in Rimac. Bugatti will be brought into the joint venture through the current owner, Volkswagen. The shares will then be transferred to Porsche. Bugatti-Rimac combines the genes of the two strong brands Bugatti and Rimac. An attractive automotive company is created together. For customers as well as for employees.

Under the new company, the Bugatti and Rimac brands will initially produce two hypercar models: the Bugatti Chiron and the all-electric Rimac Nevera. Bugatti Automobiles S.A.S. will continue to exist under the new joint venture. In Molsheim, France, all Bugatti models will continue to be manufactured in-house. This is world famous for its perfectionism and its excellence in design and craftsmanship. Jointly developed Bugatti models are being considered for the future.