Now Reading
Volkswagen hands over control of Bugatti to the Rimac Group

Volkswagen hands over control of Bugatti to the Rimac Group

View Gallery

For several weeks, rumors have been circulating about a merger between Bugatti and the Croatian manufacturer Rimac Automobili. Last night the Volkswagen Group officially announced the joint venture.

 

Volkswagen’s Porsche sports car unit. As a reminder, earlier this year, Porsche increased its stake in Rimac to 24%. An investment that had launched the rumors now confirmed.

 

Herbert Diess, CEO of the Volkswagen Group, has so far intensified his efforts to focus funds on the brands of the German group Audi and Porsche. Europe’s largest automaker has been in the race for the electric vehicle industry for some time, especially in an effort to compete with Tesla.

 

See Also


[…]

This article is reserved for subscribers.

Subscribe now !

Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…

Already have an account ? Please log in.

Featured picture : © Bugatti

What's Your Reaction?
Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

COPYRIGHT 2021 LUXUS + ALL RIGHTS RESERVED

Scroll To Top