Volkswagen’s exclusive brand Bugatti gets taken over by Rimac

Volkswagen’s exclusive brand Bugatti gets taken over by Rimac

Rimac, an electric supercar company, takes control over Volkswagen Bugatti as in a joint venture with Porsche and will be known as Bugatti-Rimac. Under the deal, Rimac will own a controlling 55% stake in the venture, while Porsche will hold a 45% stake in the company.

Rimac Group will own Bugatti-Rimac and Rimac technologies, focusing on development, production, drivetrains, battery systems, and other EV Components.

The venture is expected to be up and running in the fourth quarter of this year. Both companies will retain their respective headquarters, but Rimac plans to eventually merge its workforce at the planned $200 million campuses in Croatia, which is set to open in 2023.

No Comments Yet

Comments are closed


CIO Look is Global business authority platform where you can explore the perspective of Entrepreneurs, business owners, and innovators who drive business around the globe. CIOLook has unvaryingly been at the front line for its honesty and genuineness acquiring acknowledgment from Business pioneers universally. It features best business hones inferred by individuals, organizations, and industry divisions around the globe…. Read More

Follow us