Porsche, Rimac and Bugatti have founded a new company for the production of the Bugatti-Rimac hypermodel, whose headquarters will be in Zagreb. The Croatian engineering company will have an ownership share of 55%, and Porsche 45%.
In addition, the German firm still directly owns 24% of Rimac after investing $ 83 million in March. The new company will start hiring workers by the end of the year.
Bugatti-Rimac will initially make two models within the new partnership – the current Chiron, which will continue to be under the emblem of the French brand, and the new electric Nevera under the Rimac label. The Chiron will continue to be produced at the Molsheim plant in France. In the future, we will see models that will be the result of working together, and it is expected that they will all be hybrid or fully electric.
Porsche CEO Lutz Meschke said the joint venture was the culmination of a strategic investment chain. “We have already bought the first shares in Rimac in 2018 and have since successfully increased our shareholder share. From the very beginning, we have established a close relationship with Mato and his extremely innovative team “, said Meške.
Although the partnership relates directly to Bugatti and Rimac, Porsche will play an important strategic role in the deal. Porsche CEO Oliver Blume and Vice President of Mecca will both be members of the Supervisory Board. Mate Rimac will be the director of Bugatti-Rimac.
“This is a really exciting moment. Rimac Automobili has grown very fast and this joint venture takes the company to a whole new level. Bugatti and Rimac are the perfect couple and both have important assets. Together, we will share knowledge, our technologies and assets in order to create special projects in the future, “said Mate Rimac.
Source: Nacionalna Klasa by www.nacionalnaklasa.com.
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