Tag: Bugatti

VW in talks to sell Bugatti to Rimac, German magazine says

Manager Magazin reported that Volkswagen Group is discussing the sale of Bugatti to Croatia’s Rimac. VW aims to complete the sale this year, the magazine said, citing VW sources.

Bugatti would become an all-electric brand under Rimac, Car magazine reported.

VW Group and Bugatti spokespeople separately declined to comment on the reports.

A Rimac spokeswoman also said: “We cannot comment on speculation.”

VW executives approved the deal last week, but it still needs supervisory board approval, Car magazine said on Thursday, citing unidentified people familiar with the matter.

Bugatti has long been considered to be the jewel in the crown of the VW Group and also an example of the automaker’s engineering extravagance. It was revived under former Chairman Ferdinand Piech in 1998 after the brand had largely faded from existence in the 1950s.

Because of high development costs and low volumes, the 16-cylinder Veyron — Bugatti’s first model under

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VW Considers Bugatti Sale to Croatian Electric Supercar Maker

(Bloomberg) — Volkswagen AG is considering a sale of its Bugatti division that would give the maker of 16-cylinder performance vehicles a new lease on life in the electric age, according to a person familiar with the discussions.

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To help finance the potential deal, VW’s Porsche unit could boost its 15.5% stake in Rimac Automobili to as much as 49%, said the person, who asked not to be identified because no final decision has been made. CAR Magazine reported on the talks between VW and the Croatian producer of battery-powered supercars earlier Thursday.

VW’s supervisory board hasn’t approved the deal and the talks are fluid, the person said. Representatives for the Wolfsburg, Germany-based company and Zagreb-based Rimac declined to comment.

Bugatti, which sold 82 vehicles last year, has long been viewed as a prime example of VW’s engineering extravagance. In 1998, it was revived under former Chairman Ferdinand

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