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Rimac inks deal to purchase 55% of Bugatti from VW Group
Mon, Jul 5 2021ZAGREB, 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
Thanks to VW, BMW's 2017 diesels will be delayed
Tue, Jul 19 2016BMW confirmed Monday that US sales for its model-year 2017 diesel vehicles will be delayed because US regulators are taking longer than expected to certify the models. Bimmer, which sells diesel-powered 3-Series, 5-Series, X3, and X5 vehicles in the US, didn't give a timetable of when such domestic sales would start. Autoguide had previously reported of the potential delay for sales of US diesels, which account for about six percent of BMW's total sales in the US. "The product certification of all MY2017 BMW diesel models (328d Sedan, 328d Sports Wagon, X3 xDrive28d, X5 xDrive35d) has been delayed due to testing logistics," BMW spokeswoman Rebecca Kiehne wrote in an e-mail to Autoblog. "As a result, production of these models will commence once homologation has been finalized." US regulators appear to be taking a more deliberate approach to certifying diesel vehicles in the wake of the Volkswagen diesel-emissions scandal, which broke last September. Late last month, VW reached a settlement with US regulators that will cost the German automaker about $15 billion. With about a half-million impacted VW vehicles on US roads, the company will repurchase cars, end leases early, maybe fix some vehicles, and improve zero-emission vehicle technologies. Additionally, last week, VW reportedly told US dealers that they'd be compensated an undisclosed amount for their troubles. Some 2016 BMW diesel models were already subject to more stringent US testing procedures because of the VW situation. The BMW X5 xDrive35d was among the models that underwent more rigorous testing from the US Environmental Protection Agency (EPA) late last year. Other diesel models that received the additional scrutiny included General Motors' 2016 Chevrolet Colorado and GMC Canyon. Related Video:
Volkswagen throws a Polo-palooza with four new or upgraded models
Wed, 05 Mar 2014Volkswagen unveiled a parade of new and upgraded Polo models at the 2014 Geneva Motor Show, including the Polo TSI BlueMotion, Polo TDI BlueMotion, Polo BlueGT and CrossPolo (pictured above). While they will likely never make an appearance this side of the pond, it is fun to see what European subcompact drivers will be driving later this year.
The new BlueMotion models represent the most efficient petrol and diesel options in their class, according to VW. The BlueMotion TDI offers just 73 horsepower from its diesel engine but gives the equivalent of 76 miles per gallon (US) in the EU test. The BlueMotion TSI brings a little more power with its 88-hp petrol engine and has a combined rating of 57 mpg (US) in the EU cycle.
The Polo BlueGT provides a balance of performance and economy, and for the 2014 model, it gains a 9-horsepower boost to its 1.4-liter turbocharged to give drivers 147 hp at the press of the accelerator. This year's car also has an optional Sport Select suspension with electronically controlled dampers to improve handling a bit. It's still fitted with active cylinder management to use as little gas as possible when cruising.
