The Volkswagen Group is considering selling Bugatti to EV specialist Rimac as part of a consolidation of volume car operations, and Porsche looks set to play an integral role in the deal.
- Proposed deal would see Porsche increase shareholding in Rimac to as much as 49 percent
- VW would remain active in future of Bugatti
- Other VW luxury brands like Bentley and Lamborghini under scrutiny
How would Rimac go about acquiring Bugatti?
The proposed sale, although not officially confirmed, was the main topic at a recent Volkswagen Group supervisory board member meeting, according to Germany’s Manager Magazin. It said chairman Herbert Diess is hopeful of concluding a signing of contracts by end of 2020.
To enable Rimac to finance the purchase of Bugatti, Volkswagen Group-owned Porsche is expected to boost its current 15.5 percent shareholding in the Croatian company to as…