The Volkswagen Group is planning to sell its supercar company Bugatti. Whilst details regarding the possible sale are yet to emerge, the Molsheim-based EV hypercar maker Rimac is amongst the top names in the company’ possible buyers.
In exchange for this, Volkswagen’s AG-owned Porsche is planning to increase its stake in the Croatian hypercar manufacturer Rimac, which currently stands at 15.5%. Rumours suggest that the company might increase its share to 49%.
In an interview with Automonilwoche, Oliver Blume, CEO of Porsche and member of the management board of Volkswagen AG stated that a decision regarding Bugatti’s future will be taken soon. “I believe that the issue will be decided by the group in the first half of the year,” he said.
Blume also said that Rimac could play a role in the deal due to the good technological fit between the two brands. He did mention however that VAG is currently checking various scenarios with a different structure.
“At the moment there are intense deliberations on how Bugatti can be developed in the best possible way,” Blume further added.
If Rimac does acquire Bugatti, it would be a match made in heaven for Hypercars considering how the Croatian carmaker is famous for its EV tech prowess whilst Bugatti is known far and wide for making exclusive ICE powered supercars.
With the deal being probable, both brands will be able to explore both worlds of EV and ICE models.
If everything goes well and the deal concludes successfully, Bugatti will finally be able to explore the electrification technologies with help of Rimac helping secure the manufacturer’s future.
The selling of Bugatti and increase of Porsche’s stake in Rimac is a part of VAG’s strategy to streamline the company’s operations and possibly aid in channelizing the money to the electric vehicle business that is about to see a rise in this decade, with VAG aiming to become a segment leader.