VW said to be in talks to sell Bugatti to Rimac

VW said to be in talks to sell Bugatti to Rimac

Volkswagen Group declined to comment on reports that it is in talks to sell its Bugatti supercar brand to Croatian performance electric car specialist Rimac. Bugatti would become an all-electric brand under Rimac, Car magazine reported. Manager Magazin also reported that VW is discussing the sale of Bugatti to Rimac. VW aims to complete the sale this year, the magazine said, citing VW sources. VW Group and Bugatti spokespeople separately declined to comment on the reports. A Rimac spokeswoman also said: "We cannot comment on speculation." Bugatti has long been considered to be the jewel in the crown of the VW Group and was championed by former Chairman Ferdinand Piech. Bugatti was profitable last year on the back of sales of its 2.5-million-euro Chiron hypercar, President Stephan Winkelmann said in July. The company will also be profitable this year, the Bugatti spokesman said. The COVID-19 crisis led to the brand to postpone a decision on whether to launch a second model amid concerns about whether customers would be willing to pay for it during a recession, Winkelmann said in July. Rimac is currently developing an electric hypercar, the C-Two, which is due to be launched in the first quarter of 2021. The C_Two is said to make 1,914 hp, more than the 1,600 hp Bugatti Chiron, which uses a 8.0-liter 16-cylinder gasoline engine. The launch of the C_Two has been delayed by the pandemic. Rimac's success in developing its own electric drive components has led to investments from Porsche, which ...
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