Porsche AG Group Completes Sale of Stakes in Bugatti Rimac and Rimac Group
Porsche AG Group has officially completed the sale of its stakes in Bugatti Rimac and the Rimac Group, ending the brand's long-standing association with the Volkswagen Group. The transaction was finalized on September 9, following regulatory approval, and the company earned approximately €1 billion ($1.16 billion) from the deal.
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Of this amount, Porsche AG Group stated that €250 million will be dedicated to funding pension obligations. This move marks the end of Bugatti's nearly three-decade involvement with the Volkswagen Group, a period that began in 1998 when Ferdinand Piëch secured the rights to the brand. The partnership between Porsche and Rimac was established in 2021 to combine Bugatti's internal combustion engine heritage with Rimac's electric vehicle expertise. This collaboration produced the Tourbillon, which features a V16 engine and a hybrid system. Porsche AG Group stated that the sale allows the company to focus on its core business, including the development of new products such as a replacement for the first-generation Macan and electric versions of the Boxster and Cayman. The company also expects the net cash flow margin for its automotive business to increase to between 5.5 and 7.5 percent for 2026.
Sources
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It's Over: Bugatti Is No Longer Part Of The Volkswagen Group
Motor1.com
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Bugatti’s Era Under the Volkswagen Group Is Over as Porsche Sells Remaining Stake to Rimac
Car and Driver