(Riya Singh, Intern Journalist): Volkswagen is in talks to sell its supercar brand Bugatti to Croatian entrepreneur Mate Rimac according to a recent report, and the sale to Mate Rimac will be discussed by VW’s committees this year. Rimac has developed an electric supercar platform, that is supplied to other carmakers, including Automobili Pininfarina. Additionally, the Volkswagen unit Porsche owns stakes in Rimac.
To enable Rimac to finance the purchase of Bugatti, VW-owned Porsche is expected to boost its current 15.5 percent shareholding in the Croatian-based electric supercar maker to as much as 49 percent. The Porsche shareholding in Rimac would enable the parent company to remain active in its future decision-making at Bugatti. Under the new deal, Bugatti would switch its focus from traditional internal combustion engines to electric-powered supercar production using electric driveline and battery know-how developed by Rimac for its 1914bhp C_Two hypercar.
Founded in 1909, Bugatti sold 82 cars in 2019, mainly Chiron models, which features a quad-turbocharged 8.0-liter W16 developing 1479bhp. Bugatti’s most recent model is the 1578bhp Centodieci based on the Chiron and is planned to be built in a limited run of just 10, each priced at $9.5 million (Rs 69.9 crore).
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