Volkswagen to make decision on Bugatti in H1 - Automobilwoche

Bugatti Veyron. | Representative image

Electric hypercar maker Rimac Automobili and Volkswagen’s supercar brand Bugatti are a good technological fit, Porsche AG’s CEO told German weekly Automobilwoche, fuelling hopes that a deal between the two could happen soon.

British automotive magazine Car last year reported here that Volkswagen was on the verge of selling Bugatti to Rimac Automobili, citing sources.

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In exchange, Porsche AG, also owned by Volkswagen, would raise the 15.5% stake it owns in Rimac Automobili, founded by Croatian entrepreneur Mate Rimac, Car said.

Rimac has developed an electric supercar platform, which he supplies to other carmakers, including Automobili Pininfarina.

Blume also confirmed higher savings targets for Porsche, saying the carmaker plans to support results by 10 billion euros ($12.1 billion) of cost cuts by 2025, up from 6 billion previously.