A luxury brand for super sports cars, 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.
In This Article...
Is Volkswagen the owner of Bugatti?
In order to create a new firm called Bugatti Rimac, Croatian electric supercar startup Rimac stated 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.
Who is the owner of Bugatti?
Volkswagen owns Bugatti, right? Yes, Volkswagen bought the business to give the brand fresh life. Beginning in 1999, Bugatti Automobile SAS was recognized as a Volkswagen subsidiary and was once again based in Alsace, the company’s original headquarters.
Is the Volkswagen Veyron a Bugatti?
The Volkswagen Group and Bugatti collaborated to design and develop the mid-engine sports car known as the Bugatti Veyron EB 16.4. Bugatti then built the vehicle in Molsheim, France. It bears Pierre Veyron’s name, a racing driver.
The initial model’s top speed is 407 km/h (253 mph).
[6][7] By the BBC television program Top Gear, it was dubbed the Car of the Decade for the 2000s. The regular Veyron was also named 2005’s Best Car Driven All Year by Top Gear.
With a peak speed of 431.072 km/h, the Veyron Super Sport is one of the fastest street-legal production automobiles in the world (267.856 mph).
[8] In a test on April 6, 2013, the Veyron Grand Sport Vitesse was the world’s fastest roadster, averaging a top speed of 408.84 km/h (254.04 mph). [9] [10]
Hartmut Warku served as the Veyron’s principal designer, and Volkswagen’s Jozef Kaba created the exterior. Chief technical officer Wolfgang Schreiber oversaw a large portion of the engineering effort. Burmester Audiosysteme created and constructed the audio system for the Veyron. [11]
There have been several unique variations created. By using the Veyron 16.4 Configurator tool on the brand’s official website, potential customers of Bugatti can now choose the exterior and interior colors of their vehicles starting in December 2010. [12] [13] Late in 2014, the Bugatti Veyron was discontinued, however limited-edition versions were still made up until 2015.
Volkswagen sold Bugatti for what reason?
He intends to use that to produce electric drivetrains and battery systems that can be marketed in large quantities, as well as new-generation Bugatti hypercars without having to invest billions of dollars. Despite being lucrative, Rimac, who turned 34 this month, explained why Bugatti was no longer the best fit for the VW Group.
Why did VW purchase a Bugatti?
Volkswagen acquired this French premium, ultra-high-performance brand in 1998. Ferdinand Piech encouraged Volkswagen to purchase the rights to manufacture automobiles under the Bugatti brand as a logical step after purchasing Lamborghini and Bentley. As a completely owned company, Volkswagen formally incorporated Bugatti Automobiles in 2000.
After that, Piech personally listed the requirements for the Bugatti he intended Volkswagen to produce: The vehicle needed to have more than 1000 horsepower, be able to reach 60 mph in less than three seconds, have a top speed of 250 mph, and be opulent and steady enough for him to take Mrs. Piech to the opera in the evening.
The objectives were simple. Meeting them, though, was everything but. First off, there simply wasn’t a tire that could handle a vehicle as large, powerful, and heavy as the Veyron at 250 mph. Although preparations for the Bugatti Veyron 16.4’s introduction to production began in 2003, the first Veyron wasn’t delivered to a customer until 2005.
After the Veyron was discontinued in 2014, Bugatti made headlines once more with the over $3 million, 1,479-horsepower Chiron that was unveiled at the 2016 Geneva Motor Show. The Divo and La Voiture Noire special edition car, a one-of-a-kind 1,500-hp vehicle produced and sold for $18.9.5 million, is the follow-up from Bugatti. Despite having a $9 million price tag, the Centodieci, a rebodied Chiron, was displayed in August 2019 and all 10 were sold. The Chiron Super Sport 300+ has been timed at 304 mph, keeping Bugatti’s title as the world’s fastest production car, and the brand also unveiled the Chiron Pur Sport, which is designed with handling in mind.
Which is faster, a Lamborghini or a Bugatti?
There’s a reason the Chiron is one of the fastest cars ever made, as you can tell by taking a short look at the table above. Its quad-turbocharged V16 engine produces a mind-blowing 1,500 horsepower, which is unheard of and undoubtedly more than doubles the power of the Aventador. It can reach 60 mph in under 2.3 seconds thanks to this.
What is the price of a Bugatti?
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.
What automobile is the most expensive?
1. The 300 SLR Gullwing Uhlenhaut Mercedes-Benz. The most expensive vehicle ever sold set a new record in May 2022 when a 1955 Mercedes-Benz 300 SLR Gullwing Uhlenhaut for $142.5 million at auction.
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.
The maximum speed of a Bugatti
At 304.773 mph (490.484 km/h), it is currently regarded as the world’s fastest series-production automobile. Bugatti offers the widest bandwidth possible inside the “Bugatti Spectrum of Performance” with the Chiron Super Sport2.
Which Bugatti is the fastest?
In August 2019, Bugatti defeated the Hennessey Venom F5, which had previously won. In addition, the Chiron Super Sport 300+ made track history by becoming the first vehicle to surpass 300 mph. On Volkswagen’s Ehra-Lessien test track in Germany, racing driver Andy Wallace set the final record at 304.773 mph. If understanding 300+ mph is difficult, you don’t lack imagination. It’s incredible to go 450 feet in a single second.
Although Bugatti currently retains the lead, the brand may give up. “We have repeatedly demonstrated that we produce the world’s quickest automobiles. The manufacturer stated in a statement that moving forward, we would concentrate on other areas. Only 30 of these quad-turbo, 8-liter, 16-cylinder engines, each costing a whopping $3.9M, will be built.
What is the most costly Bugatti?
The Bugatti La Voiture Noire is reportedly the most costly car in the world. The one-off Bugatti La Voiture Noire, which costs $18.7 million after taxes, holds the record for being the most expensive new vehicle ever.
The most expensive vehicle ever sold was a 1962 Ferrari 250 GTO, which fetched $48.4 million in 2018 at an RM Sotheby’s auction. Before that, a different 250 GTO fetched $38.1 million at a Bonham’s auction in 2014.
With a valuation of $208 billion and a record-breaking $1,135 value per share as of July 1, 2020, Tesla claimed the title of most valuable automaker in the world. However, Toyota continues to outsell Tesla by a wide margin on a worldwide scale, and the Japanese automaker has a higher enterprise value than Tesla ($252 billion vs. $290 billion).
What vehicle has the fastest top speed in 2022?
Wait until you see the performance of the Koenigsegg Jesko Absolut if you thought the Hennessey Venom F5 is a powerhouse. All thanks to the genius of the Swedish automaker Koenigsegg, when we look at this hypercar, we witness pure power at its best. When the Jesko Absolut was first released, it not only broke the record for the fastest automobile in the world but also established a brand-new record that other companies have since tried to match. If you’re wondering what the fastest automobile in the world will be in 2022, at the time of writing, no other vehicle had been able to surpass or reach the Koenigsegg Jesko Absolut’s top speed of 330 mph (531 km/h). This hypercar has a twin-turbocharged 5.0-liter V8 engine that is so potent that it produces 1106 pound-feet of torque and 1600 horsepower when operating on ordinary gasoline and E85. Every surface part of the 2022 Jesko Absolute hypercar has been intended to increase high-speed stability while reducing drag or surrounding turbulence. It includes the world’s lightest V8 crankshaft, which weighs just 12.5 kg.