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Rimac reportedly planning stock IPO as it draws closer to Bugatti

FRANKFURT — Croatian electric hypercar maker Rimac is exploring several options for its future, a spokesperson for the group said in response to a report outlining plans for an initial public offering next year. Germany's Manager Magazin reported that Rimac, in which Volkswagen's Porsche unit owns a 24% stake, was planning an IPO in 2022 at a valuation of 5 billion euros ($6.1 billion), without disclosing where it obtained the information. "As for going public, we're considering different options, but it hasn't been decided which direction we'll go in," the Rimac spokesperson said. Rimac has developed an electric supercar platform which it supplies to other carmakers, including Automobili Pininfarina. It is currently working on a strategic partnership with Volkswagen unit Bugatti, which will likely result in a joint venture between Porsche and Rimac, with Porsche as a minority partner, Volkswagen CEO Herbert Diess said in March. "The future of Bugatti is an issue that will be decided on a group level," Porsche said in a statement, declining to comment further. Porsche boss Oliver Blume earlier this year said intense discussions on Bugatti's future were ongoing and that Rimac could play a role as the brands were a good technological fit, adding that a decision was expected in the first half of 2021. Earlier this month, Rimac revealed the 1,914-horsepower Rimac Nevera. Related video: Featured Gallery 2022 Rimac Nevera, official images View 35 Photos Earnings/Financials Green Bugatti Coupe Electric Performance Supercars Rimac Mate Rimac

2013 Concorso d'Eleganza Villa d'Este dominated by Ralph Lauren's Bugatti [w/video]

On this past long weekend while Americans were celebrating Memorial Day, the very American Ralph Lauren was cleaning up tidily at this year's Concorso d'Eleganza Villa d'Este in northern Italy on the western shore of Lake Como. It rained the first day on and off and this lowered a little the spirits of the event, but Sunday was a knockout Day Two and, at any rate, nothing put the kibosh on Lauren's 1938 Bugatti winning nearly everything there was to win.
Nothing put the kibosh on Lauren's 1938 Bugatti winning nearly everything there was to win.
Here's the hardware the clothing magnate's $40-million-value Bugatti 57SC Atlantic hauled in: Trofeo BMW Group (this is a BMW Group-sponsored event since 1999) for best in show according to the Jury; Coppa d'Oro Villa d'Este for best in show according to the invited public and press; Trofeo BMW Group Italia for best in show according to the open public on Day Two; Trofeo BMW Group Ragazzi for best in show according to the younguns; best-in-class winner of Class B a.k.a. "Purosangue"; Trofeo Auto & Design special prize for most exciting design according to the Jury.

People on Elysium drive Bugattis

Product placement in movies is a big business, but is it always necessary? This is the question we asked ourselves when watching the movie trailer for Sony Picture's new film due out this fall called Elysium - a 22nd Century story about the privileged and elite who live in their own separate dwelling while Earth rots away. Toward the end of the trailer, a flying car flashes across the screen, and what familiar logo do we see on this car's rump? Yup, Bugatti.
Now, we're not saying that it's hard to imagine that in a future world - with a private inhabitance for the rich and cancer-curing machines - people would pilot flying Bugattis. It does seem like a questionable move on Bugatti's part, however, since it seems that the people of Elysium aren't exactly painted in a flattering light. We'll hold our official judgment about the movie and Bugatti's role in it, until we've watched the thing. Until then you can check out the official trailer below in which you'll also catch a glimpse of a post-apocalyptic Nissan GT-R (if you have especially sharp eyes).