55 percent of the shares go to Rimac, 45 percent to Porsche
The rumors that Rimac would take over Bugatti have been going on for some time. It sounds strange: a Croatian company that has only just started production of its first car that takes over a giant like Bugatti. And yet it turns out to be true. Porsche, Bugatti and Rimac are now simultaneously confirming the news. Rimac takes a 55 percent majority stake in a new joint venture called Bugatti Rimac. Porsche gets 45 percent.
In reality, the organization is much more complicated, because Porsche in turn has a share in Rimac. To complicate matters: Hyundai also lists its name on some of the shares. It is explained in the chart below. The most important change is that Volkswagen (which is of course involved in Porsche again) sells its shares in Bugatti to Rimac.
What does all this mean for Bugatti and Rimac?
According to the press release, both brands will operate separately, for the time being. You can be sure that there will be an interaction of techniques. Bugatti will remain in Molsheim, France, but the headquarters of the new company Bugatti Rimac will be in Croatia. Mate Rimac, the big boss of the Croatian brand, will also be the new boss of Bugatti.
“We won’t just put Bugatti badges on a Nevera, and we won’t just add hybrid technology to the Chiron. We are developing something completely new for Bugatti,” says Mate Rimac.
The big boss also confirms that the combustion engine will live on in an all-new Bugatti. We’ll see that before the end of the decade. The new Bugatti will get a heavy hybrid system, says Mate. There will also be a fully electric Bugatti. This too will come before the end of the decade.