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VW close to decision on selling Bugatti to Rimac

FRANKFURT — Electric hypercar maker Rimac Automobili and Volkswagen's supercar brand Bugatti are a good technological fit, Porsche's CEO told German weekly Automobilwoche, fueling hopes that a deal between the two could happen soon. British automotive magazine Car last year reported that Volkswagen was on the verge of selling Bugatti to Rimac Automobili, citing sources. In exchange, Porsche, also owned by Volkswagen, would raise the 15.5% stake it owns in Rimac, founded by Croatian entrepreneur Mate Rimac, Car said. "At the moment there are intense deliberations on how Bugatti can be developed in the best possible way. Rimac could play a role here because the brands are a good technological fit," Porsche CEO Oliver Blume said. "There are various scenarios with different structures. I believe that the issue will be decided by the group in the first half of the year," said Blume, who also sits on the management board of parent Volkswagen. Rimac has developed an electric supercar platform, which he supplies to other carmakers, including Pininfarina. Blume also confirmed higher savings targets for Porsche, saying the carmaker plans to support results by 10 billion euros ($12.1 billion) of cost cuts by 2025, up from 6 billion previously. Related Video:

First-built 1931 Bugatti Type 55 could fetch $5 million at auction

The very first example built of the 1931 Bugatti Type 55, one of the rarest and most coveted sports cars of the 1930s, has hit the auction block, and it won't come cheap. California auction house Gooding & Co. expects the two-seater to fetch between $4 million and $5 million next month in Scottsdale, Ariz. Stamped chassis 55201, this particular model is reportedly the first of just 38 Type 55 units Bugatti made from 1931 through 1935. It was on display at the 1931 Paris Auto Show and is said to be "one of the most coveted prewar sports cars." She's certainly beautiful. The Type 55 was built atop the chassis that underpinned Bugatti's Type 45 and Type 47 Grand Prix racers. It has unique features not included on later versions, like the GP-style hood with shortened louvers on the side and diagonal louvers in the top of the hood. And dig the yellow-tinted glass on the headlamps. Underneath the hood is a supercharged, twin-overhead cam inline-eight cylinder engine that makes about 132 horsepower driving a four-speed manual transmission. So a Bugatti Chiron, it's not. But it was apparently owned by Duc de le Tremoille, a prominent French aristocrat, then by a Bugatti enthusiast named Dr. Peter Williamson before being restored by a Bugatti specialist in 2012. It also won the French Cup at the Pebble Beach Concours d'Elegance. So, a chance to add a bit of style panache and history to your garage, if you've got a few spare million lying around. The Scottsdale auction takes place Jan. 19-20.Related Video:

Rimac says Bugatti's next model will be 'heavily electrified'

Croatia-based Rimac purchased a controlling stake in Bugatti in July 2021. While some worried that the tie-up would lead to badge-engineering, the company has confirmed that the Chiron's successor will not be merely an existing EV dressed in a swanky French suit. "The easiest thing for us would be to take the Nevera, slam a Bugatti logo on it, and call it a day, but I was against it. I'm an electric car guy, but a Bugatti should still have a combustion engine for some time," company founder Mate Rimac explained to Automotive News Europe. Badge-engineering is off the table, then; Bugatti fans can breathe a sigh of relief. Rimac added that future Bugatti models will be developed from scratch and in-house, and that his team will go to significant lengths to keep development costs in check in order to boost profitability. But while a Bugatti EV isn't around the corner, it doesn't sound like the model that takes the torch from the Chiron will keep the W16 alive. "[The car] will be heavily electrified, but we'll have a very attractive combustion engine. When people see the next-generation Bugatti, I think they will be surprised that I was pushing for something like that because people associate me with electric cars. But, I have always been a performance guy and a car freak. Considering the brand and the customers and the technology available, I think that we are developing the best possible solution for Bugatti, which is not an electric car today. It will be one day, but not today," Rimac continued. While he stopped short of providing technical details, "heavily electrified" and "a very attractive combustion engine" are statements that confirm the Chiron's successor will land with a hybrid powertrain. And, as of writing, there's no word yet on what the car will look like, both visually and mechanically. It could again take the form of a coupe with a mid-mounted engine, or it could adopt a different layout. We don't know when Bugatti will unveil its next car, though it doesn't sound like the company is in a rush: Its order book is full until 2025, according to Rimac. The final Chiron build slots have been spoken for, and the track-focused Bolide is sold-out as well. After a record-breaking 2021, Bugatti plans to build and deliver 80 cars in 2022, including the first examples of the EB110-inspired Centodieci. Meanwhile, the Croatian firm has launched production of the Nevera, its second model, after several delays linked to the ongoing chip shortage.