Porsche and Croatian electric performance car manufacturer Rimac have agreed to create a joint venture that incorporatesThe new joint venture — called Bugatti-Rimac — is expected to be established as a hypercar manufacturer in the fourth quarter of this year.
Rimac will have a 55% stake in the joint venture, while Porsche will hold a 45% stake in the company. Bugatti's shares will be transferred from Volkswagen, which owns Porsche and Bugatti, to Porsche and then to Rimac, the companies said. Porsche also currently holds a 24% stake in Rimac, up from an initial 10% ownership in 2018.and a $2.4 million all-electric hypercar called the Rimac Nevera, which the company says has about 1,900 horsepower and can exceed 250 mph.
In a statement, Mate Rimac, who founded the company in his garage in 2009, called the joint venture an "exciting moment" and the combination of the companies "a perfect match for each other."The companies did not disclose financial terms of the new joint venture. Bugatti-Rimac is expected to have about 430 employees. That includes 300 at the company headquarters in Croatia, where Rimac is based, and 130 at the Bugatti factory in Molsheim, France. The companies said all Bugatti models will still be produced at the famed facility.
Nothing but greenwashing
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Can’t believe all of this is true 🤭 the power couple of car companies!
Porsche has 45 and Rimac 55%. Your title sounds like it's 90-10. 🙄
Hyper-priced!
Now everything going eletric
This sucks. It’s not fair that I have to wait on the remodeling of my second yacht. Very inconvenient.
Une bombe