In order to create a new company called Bugatti Rimac, Croatian electric supercar startup Rimac announced that it was purchasing Bugatti from Volkswagen. The Financial Times broke the news first.
Mate Rimac, who started the business as a one-man operation in a garage in 2009, will serve as its CEO. Since then, Rimac has grown to be a highly coveted brand, and other established manufacturers have requested the startup’s assistance in producing their own electric supercars.
Why that is is not much of a mystery. Rimac unveiled the Nevera earlier this year. It has four motors, 1,914 horsepower, a top speed of 258 mph, and can accelerate from zero to 60 mph in less than two seconds. The Nevera is anticipated to surpass the Bugatti Chiron as the fastest sports car ever produced.
In accordance with the agreement, Rimac will hold a controlling 55 percent stake in Bugatti, a French automaker with a history dating back to 1911 and known for its expensive supercars like the Chiron and Veyron. The remaining shares in Bugatti will be owned by VW’s Porsche brand. (The firms told FT that despite Porsche owning some stock in Rimac, its total holding will not give it a controlling interest in Bugatti.)
After purchasing Rolls-Royce and Lamborghini, Volkswagen paid $50 million to acquire Bugatti, which it has owned ever since. According to Porsche CEO Oliver Blume, this was an all-stock transaction, which means that no money was exchanged.
Both Bugatti Rimac and Rimac Technologies, a division of the business specializing in the development, manufacture, and distribution of battery systems, drivetrains, and other EV components, will be owned by Rimac Group. Rimac has provided auto parts over the years to Porsche, Hyundai, and, yes, Bugatti.
“Bugatti and Rimac will both continue as separate respective brands, keeping use of the current production and distribution infrastructure,” according to Rimac.
By combining resources and skills in research and development, production, and other fields, Bugatti Rimac symbolizes the organization that will shape the future of both Bugatti and Rimac automobiles.
Both businesses will continue to operate out of their individual locations, but Rimac intends to eventually combine their staff at the $200 million facility it is building in Croatia and expects to open in 2023.
“In the brief but fast growing history of Rimac Automobili, Mate Rimac remarked in a release, “This is a genuinely exciting time.” “We have experienced so much in such a short period of time, but this new endeavor raises the bar significantly. When it comes to the contributions that each of us makes, Rimac and Bugatti are a wonderful combination. We have positioned ourselves as an industry leader in electric technologies since we are a young, nimble, and fast-paced automotive and technology firm.
Rimac predicted that Bugatti would make hybrid models to the end of this decade while also having an electric vehicle this decade.
In This Article...
Volkswagen: Did they invent Bugatti?
A luxury brand for hypersports automobiles, Bugatti Automobiles S.A.S. (pronounced [bygati]) is a French luxury car manufacturer. The business, which is headquartered in Molsheim, Alsace, France, was established in 1998 as a division of the Volkswagen Group. Ettore Bugatti (18811947), who founded the original Bugatti automotive firm in 1909 at Molsheim and developed sports, racing, and luxury cars, is credited with popularizing the Bugatti name.
The business joined Bugatti Rimac, a partnership between Porsche AG and Rimac Group, in November 2021.
[3] As CEO of Bugatti Rimac from November 1, 2021, Mate Rimac has been in charge of the business.
Does Volkswagen own Bugatti and Lamborghini?
In relation to the Volkswagen group, numerous well-known automobile brands are owned by this German automotive behemoth. Volkswagen currently owns all of Audi, Scania, and Porsche, as well as Skoda Auto, Lamborghini, and Ducati in its entirety. With some of the best and most recognizable automobile brands in the world, the Volkswagen Group obviously makes excellent brand selections.
In order to mobilize its populace for the future, the brand needed to have a car for the masses. Only a few of the models were produced before the start of World War II, at which point the factory shifted its focus to producing military vehicles.
Following the war, production of the company’s iconic Beetle began to pick up again, eventually reaching a total of over 21 million. Volkswagen’s corporate headquarters are in Wolfsburg, Germany. These assets are within the corporation’s control:
- Bentley
- Ducati
- Lamborghini
- Porsche
- Bugatti
- MAN
- Audi
- SEAT
- Skoda
- Volkswagen
- Scania
Is there a supercar from VW?
Many people feel that the concept car Volkswagen produced would have been a great supercar. Sadly, despite breaking numerous records, it never reached the sales floor. The layout and positioning of the engine in the car were both rather intriguing. The Nardo was developed jointly by Volkswagen and the Italdesign Giugiaro studio and had a powerful engine that was renowned for its torque production. In addition, it had beautiful interior and external details. Every step of the construction assembly was clearly high-tech.
Learn more about the Volkswagen W12 Nard and the records it set by reading on.
Why does VW market Bugatti?
Why is ownership of Bugatti changing? The Volkswagen Group no longer wishes to invest a lot of resources and labor in the so-called hobby brands that the previous CEO bought. Instead, all funding must go toward the major investment program in the electrification, digitalization, and autonomous driving of transportation.
What is the most affordable Bugatti?
The cost of the Bugatti brand’s automobiles is the best indicator of its level of quality. They have cutting-edge technology and perform at record-breaking levels.
The premium components and labor charges, however, are the two main causes of the extravagant price tag. According to Luxe Digital, the Veyron is the least expensive Bugatti vehicle at $1.9 million.
A total of four turbochargers costing $6,400 apiece power the W16 engine alone. They are connected to two $18,000 total cost air coolers. This is on top of the $11,000 in labor costs to install these components.
Of course, when we take maintenance expenditures into account, this just scratches the surface. Each year, new tires and fluids are necessary for peak performance. Even more expensive materials are used in Bugatti’s carbon fiber bodywork and its specially procured leather from cows raised at higher elevations.
What is the price of a Bugatti Chiron?
Highs starting at $3,300,000 is faster than everything else, looks like nothing else, and costs more than anything else. Lows It is less useful than everything else, more expensive, and uses more gas than anything else. Verdict An automotive apex predator that eats supercars for lunch is the Bugatti Chiron.
Is there a sports car from VW?
The ever-popular Golf GTI and Golf R have been crowned Forbes Wheels Sports Car of the Year, according to a recent announcement by Volkswagen. The eighth-generation hatchbacks have received a lot of attention for its exciting driving dynamics, cutting-edge technology, and inclusion on the Car and Driver 10Best List.
Who purchased the Royale Bugatti?
__ LONDON (AP) According to auctioneers, a London vehicle dealer broke the record for the highest sum ever paid for an automobile on Thursday when he paid $9.8 million for a 1931 Bugatti Royale.
The Type 41 Bugatti was sold to dealer Nicholas Harley at Christie’s auction house.
No name of the seller was provided. The car had previously been on display at the Briggs Cunningham Automotive Museum in Costa Mesa, California.
The amount was the most ever paid for a motor vehicle, whether privately or at auction, according to Robert Brooks, head of Christie’s classic cars section.
According to what we know, it is the highest paid overall, Brooks said. Harley placed a bid of 5.5 million pounds ($9.8 million), one of only six ever made, for the Bugatti Royale.
The Berline de Voyage Royale, a vehicle similar to this one, sold for $8.1 million in 1986 to Thomas Monaghan of Ann Arbor, Michigan.
The black-and-dark-blue sports coupe, which shone in the dazzling lights of the enormous Royal Albert Hall, was put up for auction in front of almost 4,000 spectators. The vehicle’s hood decoration is an elephant in motion.
Prior to encountering some resistance, the bid quickly doubled from its initial $3,588,000 level. As soon as the automobile was sold for $9,867,000, the audience cheered.
The 8-cylinder Bugatti, which is still in fine operating condition, was one of ten pricey vehicles offered for sale at Albert Hall in what the event’s promoters dubbed as the biggest auto auction ever. Of the ten, six were sold for a combined $10,972,000.
The four other items’ reserve prices, which represent the lowest sum that vendors will accept, were not met.
In a statement, Harley said, “I consider this car to be the world’s finest example of engineering and coachwork design.” I want it to stay on display in England and perhaps become into the world’s most valuable treasure for the most discriminating collector.
Due to its streamlined chassis created by Paris-based Carroserie Kellner, the two-door, five-passenger coupe is also known as the Kellner Coach.
In 1951, Briggs Cunningham, a veteran racer and America’s Cup yachtsman, acquired the vehicle from the Bugattis. The car had been driven by the Bugattis for 20 years.
Ettore Bugatti, a French artist-engineer, produced The Royales at his Molsheim facility between 1927 and 1933.
Bugatti was adamant about building a vehicle that was superior to other legendary automobiles of the era, such the Rolls-Royce, Mercedes-Benz, Cadillac, Dusenberg, Packard, and Pierce-Arrow, with little regard for expense.