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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

Just 50 to go as Bugatti sells its 400th Veyron

When Bugatti first introduced the Veyron, production was limited to just 300 coupes (including the original 16.4 and the Super Sport). Those were followed by an additional 150 roadsters (both Grand Sport and Vitesse), of which 100 have now been sold, leaving just 50 examples left before the Veyron finally roars off into the sunset.
The 400th Veyron built was the third and final example of the Jean-Pierre Wimille edition pictured here. Based on the Vitesse roadster, the Wimille edition is the first in a series of six Legend specials that pay homage to the Alsatian marque's history. The second is dedicated to Jean Bugatti, and the third to racer and factory team manager Meo Costantini, with three more of these three-unit special editions to follow out of the remaining 50 cars to be built at Molsheim. We're expecting one of the remaining three to be named after Rembrandt Bugatti, designer of the company's elephant hood ornament.
Given that it has taken the company over eight years to build those 400 cars, it figures to take Bugatti another year or so to complete the final 50, by which point it'll hopefully have a successor in place. For more news on the landmark, see the official press release below.

Bugatti not planning an EV or SUV in the next 10 years

Bugatti is at a turning point in its history: It will end production of the Chiron and the W16 engine that powers it in the coming years. What's next remains a little murky, but the company confirmed that it's not planning on releasing an electric car or an SUV for at least 10 years. "A purely electric version is not included in our 10-year plan for Bugatti. There will also be no SUV," said Bugatti-Rimac CEO Mate Rimac in an interview with industry trade journal Automobilwoche. "If it's comparable, then it's not a Bugatti," he added, citing the firm's founder. His comments put an end to the rumors that have hovered around Bugatti since Croatia-based Rimac purchased a controlling stake in July 2021. Rimac made a name for itself by developing high-performance EVs, and some feared it would leverage its expertise to launch a range of badge-engineered battery-powered Bugatti models. Rimac ruled out badge engineering early on and stressed the two brands won't overlap, though its CEO predicted that "within this decade there will be a fully electric Bugatti" shortly after the purchase was announced. Bugatti has started developing the Chiron's successor and Autoblog confirmed in August 2022 that the model will be powered by a plug-in hybrid drivetrain. Rimac stopped short of revealing precise technical details about the yet-unnamed model but told Automobilwoche his team hopes to increase the system's electric-only range from approximately 12 miles in some gasoline-electric hypercars to 30 miles. More details about Bugatti's future should emerge in the coming months. In the meantime, the company has its work cut out for the coming years: it needs to finish production of the Chiron, build the track-only Bolide, and make the 99 planned units of the sold-out Mistral (pictured). Related video: