2012 Bugatti Veyron on 2040-cars

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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

$2.4 Million Supercar Vandalized In Seattle

There are no shortage of phallus jokes one can make about a car and its owners, but no amount of jesting makes spray painting an actual penis on a car okay. That's triply true when the car in question is the Bugatti Veyron. This poor Veyron was spotted on the streets of Seattle, and while our outrage was initially piqued, it later emerged via Instagram that the owner of this spray-painted Bugatti actually allowed this to happen. We aren't fully sure what possessed the owner of the multi-million hypercar to allow this sort of thing, but we're guessing he or she can afford it. Scroll down for a different angle of this poor Veyron's new paint job. Loading View on Instagram

Inattentive driver leaves a Bugatti Chiron nose down in a ditch

Even the most capable and experienced drivers sometimes have a lapse in concentration, like the Bugatti test driver who put this $2.5 million Chiron into a ditch at a Volkswagen test facility in Wolfsburg, Germany. Bugatti confirmed to German publication Bild that the unfortunate accident was caused by an "inattentive" test driver. There were no injuries in the crash, though the Chiron has certainly looked better. The photo from the GTBoard.com Facebook page shows the partially covered supermegahypercar being carried away by a tractor. The nose is busted, but the rest of the car seems to be intact. It's not clear what exactly caused the crash or how fast the test driver was going, but it's likely very easy to lose control when you have 16 cylinders and four turbochargers churning out 1,500 horsepower. As a test vehicle, this particular Chiron may have been testing some new parts or settings, so the driver may not be entirely to blame. Maybe the tester was just trying to avoid a low-flying pelican commit insurance fraud by intentionally sinking the car. At least the ditch wasn't a lake. Related Video: News Source: BildImage Credit: GTBoard Bugatti Coupe Supercars Bugatti Chiron