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.
In This Article...
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.
How come VW sold Bugatti?
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.
Is Bugatti suffering a loss?
The world’s fastest and most potent production automobile is the stunning Bugatti Veyron.
A new study by Wall Street research firm Bernstein Research found that for every Veyron sold, Bugatti (and its parent company Volkswagen) suffers a staggering $6.24 million loss.
That number should be treated with extreme caution. Don’t take these statistics too seriously, the report’s authors caution, adding that their projections “are obviously very, very approximate.”
The firm does not provide financial information, but a Bugatti spokeswoman stated, “The quoted statistics of Bernstein Research are not feasible.”
The Veyron is described in the report as “a tour de force of engineering” and “the most ambitious and sophisticated automobile ever put on sale.” The editors and readers of BBC Top Gear magazine declared it the best vehicle of the previous 20 years last month. One could easily argue that it is the most impressive car ever produced.
How then could a fantastic car with a price tag of about $1.5 million lose so much money? The experts blame the extremely low volume and high R&D costs (approximately $1.62 billion) (Bugatti has sold about 40 Veyrons annually since 2009).
Which car is the fastest in the world?
In February 2014, the Hennessey Venom GT unofficially set the world record for the fastest car by reaching a speed of 270.49 mph (435.3 km/h). The claim that the car couldn’t be tested in both directions due to administrative issues means that the record is still unofficial. The vehicle is currently the fastest production automobile in the world, and it is clear that this vehicle is a true super car. The Hennessey Venom GT costs about $1.2 million and has a V8 twin turbo engine. The UK firm revealed that 11 of the anticipated 29 Hennessey vehicles had already been sold in December of last year.
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.
Bugatti Chiron’s owner?
Several tales about Indians who reside overseas and drive high-end vehicles, including SUVs, have been covered on our site. There are no modern-day Bugattis in India, despite the rumors that Bollywood stars own them. Many Indians are Bugatti Veyron owners. Despite the fact that there are numerous Indians who own Bugatti Veyrons worldwide, only one has a Bugatti Chiron in his garage. The only Indian in the world to own a Bugatti Chiron is Mayur Shree, who resides in the United States.
Real estate entrepreneur Mayur Shree is based in Texas, USA. A few years ago, Mayur Shree bought the Chiron. Although the precise cost of the Chiron is unknown, it is assumed to be somewhere in the range of Rs 21 crore. It will cost more for the buyer to install optional upgrades, so plan accordingly. Additionally, the one in the video has a distinctive paint job. One of Mayur’s most expensive vehicles in his garage is a Bugatti Chiron. The 8.0 liter, quad-turbocharged W16 engine that powers the Bugatti Chiron produces 1,479 Bhp of maximum power and 1,600 Nm of maximum torque. The fact that there are only 100 Bugatti Chirons in existence increases the car’s exclusivity or rarity on the road. The first Chiron to be delivered in Texas was the one that Mayur owned.