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Rimac inks deal to purchase 55% of Bugatti from VW Group

ZAGREB, Croatia — Croatian electric supercar builder Rimac is taking over the iconic French manufacturer Bugatti in a deal that is reported to be worth millions of euros. Rimac said GermanyÂ’s Volkswagen Group, including the Porsche division — which owns a majority stake in Bugatti — plans to create a new joint venture. The new company will be called Bugatti-Rimac. Rimac Automobili announced Monday that it will be combining forces with Bugatti to “create a new automotive and technological powerhouse.” Rimac has progressed in 10 years from a one-man garage startup to a successful company that produces electric supercars. Mate Rimac, who founded the company in 2009, says the venture is an “exciting moment” and calls the combination of the companies “a perfect match for each other.” Porsche will own 45% of Bugatti-Rimac while Rimac Automobili will hold the remaining 55% stake, according to Croatian media reports. Financial details of the deal were not published. Bugattis will continue to be assembled in eastern France, where the company was established in 1909. The vehicles will use engines developed and made in Croatia. “In an industry evolving at ever-increasing speed, flexibility, innovation and sustainability remain at the very core of RimacÂ’s operations," the company said. “Uniting RimacÂ’s technical expertise and lean operations with BugattiÂ’s 110-year heritage of design and engineering prowess represents a fusion of leading automotive minds." Earnings/Financials Green Bugatti Automakers Porsche Volkswagen Green Automakers Electric Supercars

Jay Kay's 1955 Maserati A6G/54 on the docket for Pebble Beach

Gooding & Company has revealed the highlights of its consignments for its Pebble Beach auction during the action-packed Monterey weekend. At the top of the list is the classic 1955 Maserati A6G/54 Frua Berlinetta currently owned by Jamiroquai frontman Jay Kay. This Maserati, the show car from the 1955 Paris Auto Salon, features Frau coachwork, won Best in Show at the Salon Privé, and is expected to fetch between $1.5 and 2 million.
No less prestigious is the 1938 Bugatti Type 57C Stelvio convertible that belonged to Prince Louis Napoleon of France, grandson of Emperor Napoleon I and noted Bugatti collector of the time. Supercharged from the factory, the stunning two-tone droptop is projected to sell for $1.3 to 1.6 million.
Finally, an original 1966 Shelby 427 Cobra is on the docket, with pre-sale estimates at $750,000 - $950,000. See below for the full press release and watch this space as the classic car world gears up for Pebble Beach.

Bugatti Chiron Pur Sport: born to speed (and drift) through the twisties

Bugatti made automotive history in 2019 when it built a long-tail variant of the Chiron that was still accelerating when it smashed through the 300-mph barrier. With the speed record broken and set, the French company wants to prove it also knows a thing or two about handling with a new Chiron version named Pur Sport. "It's a lot of little details that add up to a very different driving experience. You immediately feel the car is nimbler and more agile," explained Frank Heyl, the company's deputy design director, in an interview with Autoblog. Heyl's team worked directly with Bugatti's engineering department to create a front fascia with wider air intakes, a redesigned splitter, and a bigger grille. Out back, it's impossible to miss the 74-inch long wing that unlocks quicker cornering speeds by adding downforce. Below it, a pair of exhaust tips 3D-printed in titanium are integrated into a taller air diffuser made with carbon fiber. There's no way to miss the Pur Sport if it passes you on the highway. The rear wing is fixed, and its mounts form an X-shaped insert. Heyl told us Bugatti deliberately sent the Chiron's hydraulically-operated spoiler back to the parts bin to save as much weight as possible. It shaved a total of 110 pounds, which is far more impressive than it sounds. "You have to consider this: we've done everything we could to save weight on the base Chiron. We've put the most expensive materials inside this car, and used the most expensive solutions already. To gain another [110 pounds] was quite a challenge," he pointed out. The wheels received attention, too, and we're not just talking about the design or the -2.5 camber angle. "[The two rings] suck air from the inside of the wheel to the outside, which creates downforce and improves the brake cooling by increasing airflow through the wheel," Heyl explained. The 20-inch front and 21-inch rear wheels are made of magnesium to reduce unsprung mass by 35 pounds, and they're wrapped by Bugatti-exclusive Michelin Sport Cup 2 R tires manufactured with a stickier compound. All told, the tweaks made at the Chiron's four corners increase its lateral acceleration by 10%. Heyl's equation is beginning to add up. Alcantara upholstery largely replaces leather in the cabin. It's lighter, and it does a better job of ensuring the driver's butt doesn't slide around when racing up a mountain road.