Bugatti and Croatian electric supercar maker Rimac to combine in joint venture
By
Peter Valdes-Dapena, CNN Business
Published Jul 6, 2021 10:18:39 AM
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(CNN) — Volkswagen Group and Porsche have agreed to create a new joint venture that combines Rimac, a Croatian company that makes electric supercars, with Bugatti.
The new company will be called Bugatti-Rimac and will make both Bugatti and Rimac cars. Bugatti, like Porsche, is part of the Volkswagen Group. Porsche also owns a stake in Rimac.
Bugatti-Rimac will be based in Zagreb, Croatia, not far from Rimac's current headquarters. Bugatti, meanwhile, will continue to build cars in its current home of Molsheim, France, according to an announcement from Porsche. It will continue to operate as a separate car brand although Bugatti and Rimac will jointly develop new Bugatti models, the announcement said.