Volkswagen will sell Bugatti to Croatian Rimac (anti-Tesla)
All the details on the future of Bugatti
Bugatti from the German Volkswagen company could end up in the hands of Rimac, a Croatian company that represents the anti- Tesla of the Old Continent. Porsche should have a starring role in this matter, according to Car Magazine .
Let's go step by step.
THE INDISCRIPTIONS OF CAR MAGAZINE
According to what has been revealed by Car Magazine , the German Volkswagen group is thinking of selling the luxury car brand Bugatti to the Croatian Rimac Automobili, a manufacturer of luxury electric cars.
THE ROLE OF PORSCHE
Car Magazine also revealed that Porsche, former partner of Rimac, would play a leading role in the transition. With the passage of Bugatti, Volkswagen would get an extra stake for Porsche in the Croatian group. Porsche had bought a 10% stake in Rimac in 2018, and then rose to 15.5% in 2019 , as stated on the Croatian car manufacturer's website.
VOLKSWAGEN HAS ALREADY GIVEN THE OK?
Volkswagen has already given the ok to the agreement, while the supervisory board has not yet expressed itself. The German group, however, at the moment does not confirm the rumors, it has only said that "in the last two years the brand has made a positive contribution to the group" and that "it is on the right path to surpass the sales of 2019".
CHANGE AT THE TOP OF BUGATTI?
Meanwhile, the chair of Bugatti's CEO Stephan Winkelmann is wavering, and if there were to be a passage it would be difficult for him to keep the chair.
RIMAC, THE ANTI TESLA OF THE OLD CONTINENT
Rimac, which boasts giants such as the Chinese group Camel, Hyundai, Porsche and Kia among its investors , was founded in 2009 by Mate Rimac (then 21) in the outskirts of Zagreb. The company develops and manufactures key electrification systems for many global auto companies and, at the same time, produces luxury electric vehicles, competing with Tesla.
THE NUMBERS OF RIMAC
The car manufacturer in 2018 recorded revenues of 79.8 million kuna , an increase of 33% compared to the result of 2017. Costs are reduced, by just under 5%, and amounted to 104.5 million kuna.
The company currently employs 850 people, 150 employees hired in recent weeks , despite the Covid crisis. “We continue to grow despite the crisis, we open offices outside Croatia and in Croatia we will soon open one with 400 people”, Rimac told the Croatian press.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/smartcity/volkswagen-cedera-bugatti-alla-croata-rimac-anti-tesla/ on Thu, 17 Sep 2020 13:00:35 +0000.