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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

2017 Porsche 911 gains AWD traction for its turbos [w/video]

The new 2017 Porsche 911 Carrera 4 (in all its numerous iterations) joins its downsized, turbocharged, rear-drive brethren, but adds the benefit of an electro-hydraulically controlled all-wheel-drive system. These latest additions to the 911 family feature all updates applied to the new Carrera, both cosmetic and functional. The rear-end bodywork is also widened by 1.7 inches, with a light strip running across the tail. There are two engine choices, but either way you're getting a 3.0-liter twin-turbo flat-six. The base version produces 370 horsepower and 331 pound-feet of torque, while the S model cranks up to 420 hp and 368 lb-ft. Then you'll need to choose your transmission: seven-speed manual or dual-clutch. Porsche Active Suspension Management (PASM) suspension comes standard, but the Sport Chrono package (which adds a 918-inspired drive mode selector switch on the steering wheel) is an option. Four-wheel steering is available on 4S models as well. And of course you'll need to choose between body-styles. There are three in all: coupe, convertible, or Targa – each available in either engine tune. Those are largely the same choices you'd have to have made for the previous models, but now they're faster and more powerful, while delivering up to 12-percent higher efficiency. Zero-to-60 times are down 0.3 seconds over the preceding, naturally aspirated models: the Carrera 4 is quoted at 3.9 seconds, and the 4S at just 3.6. Convertible and Targa models add 0.2 seconds to those times, with top speeds ranging from 178 to 189 miles per hour. Pricing for the US starts at $97,295 (with delivery) for the new 911 Carrera 4, and stretches all the way up to $123,595 for the Targa 4S. Don't feel the need to rush your decision though, as the all-wheel-drive 911s won't start hitting dealers Stateside until April of next year. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. THE PORSCHE 911 CARRERA 4 AND 911 TARGA 4 MODELS WITH NEW TURBOCHARGED ENGINES AND ENHANCED ALL-WHEEL DRIVE SYSTEMS ATLANTA, Oct. 6, 2015 -- With the new 2017 911 Carrera 4 and 911 Targa 4 models, the traction advantage courtesy of an enhanced all-wheel drive system is paired with innovative turbocharged engines that are more powerful and consume less fuel than their predecessors.

Porsche to develop new line of engines for next Panamera

When the second generation of the four-door Porsche Panamera launches, it will likely be riding a new platform, complete with an all-new family of V6 and V8 engines, according to a report coming out of the UK.
Autocar reports that the so-called MSB platform will likely underpin the Panamera, and it could be shared with Bentley, provided the Volkswagen-owned, British-built brand commits to the architecture. As for the engines, it's reported that they'll have a sportier character than the V6s and V8s being built for Volkswagen and Audi's vehicles.
"Porsche will have its own new V8 that will be common to the new MSB platform," Porsche's chief engineer, Wolfgang Hatz, said. "It's a family for the next 10 years of cars." Whether the V8 and V6 will be used outside of the Panamera line, though, remains unclear. There's also no mention of what place turbocharging would have with the new engines.