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