Reports have come in that the Volkswagen Group now has plans to sell its Bugatti brand to a Croatian automaker called Rimac Automobili. The details about the sale are still sparse especially when it comes to monetary value, however, there seems to be more at play. The move to sell the French luxury performance brand seems to allude to Volkswagen wanting to trade the company in an effort to gain more technology for its future lineup of electric vehicles (EVs). It seems as though the German powerhouse wants to use this opportunity with Rimac to utilize their technology in order to gain an upper hand in the budding performance car EV market.
For a bit of context, Rimac Automobili is a Croatian company that is also a hypercar builder, however, where they specialize in is in the sale and development of performance EVs such as its Concept One vehicle. This also isn’t the first time the Volkswagen Group has worked with the Croatian company as they have teamed up before to work on the Porsche Macan. It is important to remember that Volkswagen currently owns Porsche and that Porsche also has a stake in Rimac.
While not confirmed it seems as though Volkswagen wants to trade Bugatti over to Rimac in favor of Porsche getting a bigger stake in the Croatian company. Through this trade, the German auto group could get better access to better EV technology for its future Porsche vehicles. While it's sad to see the French luxury performance brand change hands, it could lead to an EV hypercar revolution that could lead to better technologies being passed down to regular cars. However, as the deal has not yet been solidified all we can do now is wait till for the official details to be released and hope to see an all-electric Bugatti be released in the future.
Latest News
-
Lighter traffic ahead? C5 Quirino Flyover opens up / News
The C5 Quirino Flyover extension in Las Piñas City has officially opened
-
Volkswagen previews the ID.Code crossover concept / News
The Volkswagen ID.Code is a car that can drive itself and interact with its passengers and other cars on the road.
-
Will the New Mitsubishi ASX Make Its Way to the Philippines? / News
The newly updated Mitsubishi ASX has debuted in Europe, featuring enhanced technology and design.
Popular Articles
-
Cheapest cars under P700,000 in the Philippines
Aug 25, 2023
-
First car or next car, the Ford EcoSport is a tough package to beat
Jun 18, 2021
-
Car Maintenance checklist and guide – here’s everything you need to know
Earl Lee · Jan 12, 2021
-
Most fuel efficient family cars in the Philippines
Bryan Aaron Rivera · Nov 27, 2020
-
2021 Geely Okavango — Everything you need to know
Joey Deriquito · Nov 19, 2020
-
Family cars in the Philippines with the biggest trunks
Sep 20, 2023
-
Head to head: Toyota Rush vs. Suzuki XL7
Joey Deriquito · Oct 28, 2020
-
Why oil changes are important for your car
Earl Lee · Nov 10, 2020
-
2021 Kia Stonic — What you need to know about it
Joey Deriquito · Oct 16, 2020
-
Top 7 tips for buying a used car in the Philippines
Joey Deriquito · Nov 26, 2020