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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

Bugatti says the W16's days are numbered

Bugatti's W16 engine is likely to be irreplaceable for the hypercar maker. The company's CEO Stephan Winkelmann has stated that there will not be a successor for the quad-turbocharged engine. Speaking to the Australian CarAdvice, Winkelmann said that there will not be a new 16-cylinder engine to replace the existing unit, but that the company will look further to the future. "This will be the last of its kind," said Winkelmann. "Sooner or later the legislation will force everybody to take radical steps. [...] If you want to be on the edge of advanced technology, it's important you choose the right moment to change." Currently, the nearly-1,500-horsepower engine does duty in the Chiron and the newly unveiled Divo. However, the W16, as it stands, isn't quite dead yet. Winkelmann stated that the company will do its "utmost" to keep the venerable engine alive, and that it will keep being honed further in the quest for more power, as the hypercar horsepower race is hot and heavy. Dinosaurs die hard, it seems. Still, Winkelmann is eager to push the envelope for an alternate approach, saying that the company could focus on different things than getting more power from the W16 unit. According to the CEO, if there is a hybrid powerplant or an electrified solution for future Bugattis, the powertrain needs to be more than up to the task. "If the weight of the batteries is going down dramatically — as it is — and you can reduce the emissions to a level which is acceptable, then hybridization is a good thing, but it has to be a solution that is credible for the people who are buying Bugattis today." Related Video: News Source: CarAdviceImage Credit: Bugatti Auto News Bugatti Luxury Performance Supercars

Why the Bugatti Royale was the first car granted diplomatic immunity

Bugatti's cars have participated in the Pebble Beach Concours d'Elegance since the inaugural event was held in 1950. The judges have given the prestigious Best of Show award to a Bugatti nine times, but the firm notes one of the most memorable moments at the concours was displaying the six examples of the Royale on the lawn in 1985. Getting six vehicles together doesn't sound awfully difficult, yet organizing the Royale display was actually a massive undertaking that involved international law and charter flights. Bugatti only built six units of the Royale, a 252-inch-long ultra-luxurious car powered by a 12.8-liter straight-eight engine, between 1926 and 1933. While all of them survived, which is astonishing considering what many went through, they were scattered on both sides of the pond. One of the biggest hurdles was that two of the Royales were located in the fascinating Cite de l'Automobile museum in Mulhouse, France, and they were part of the batch seized from the Schlumpf brothers by the French government. "The museum was worried that if the cars left French soil, the Schlumpf brothers might attempt a legal move to seize the cars back," explained Chris Bock, who played an instrumental role in organizing the display. Bock and his colleagues convinced American government officials to grant the two cars diplomatic immunity. This was the first time a car had benefited from this status. However, at the time, cargo flights from France to the United States stopped in Canada to refuel, and the immunity wasn't valid on Canadian soil, so Air France operated a direct flight from Paris to Los Angeles to get the Royales to the Pacific coast. And then, one flight became two. Still worried about retaliation from the Schlumpf brothers, the museum insisted that each car be transported separately. Sending the four others to Monterey was simple. Two were in the William F. Harrah collection in Reno, Nevada, and one was in the Henry Ford Museum in Dearborn, Michigan. The sixth arrived in an even more laid-back manner. "Then, a guy arrived with the sixth Royale, which belonged to (American race car driver) Briggs Cunningham. He'd towed it on an open trailer with a Ford F-250 pickup truck. He said: 'oh, it'll be fine, we'll just throw a tarp over it,' while everyone else was running around hyperventilating," remembered Bock. Arranging the display wasn't easy, but it paid off.