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Mate Rimac was also functionally placed in charge of Bugatti by Rimac and Bugatti becoming a joint venture. Moreover, Porsche has invested heavily into the bra
by MrFoof 3y ago
Mate Rimac was also functionally placed in charge of Bugatti by Rimac and Bugatti becoming a joint venture.
Moreover, Porsche has invested heavily into the brand and currently has between a 45 - 58% stake in it following the formation of the Bugatti-Rimac JV. I'm giving a range for Porsche's ownership because there are multiple conflicting sources.
- Strom 3y ago45% is the direct ownership, but Porsche also has indirect ownership on top. From the Rimac press releases we have two different states with accompanying charts. 2021-07-05 - Porsche owns 45% of the joint venture directly, plus 24% of Rimac for an effective total of 58.2%. [1] 2021-11-02 - Porsche owns 45% of the joint venture directly, plus 22% of Rimac for an effective total of 57.1%. [2] -- [1] https://www.rimac-automobili.com/media/press-releases/rimac-and-bugatti-combine-forces-in-historic-new-venture/ https://www.rimac-automobili.com/media/press-releases/rimac-... [2] https://www.rimac-automobili.com/media/press-releases/rimac-automobili-and-bugatti-begin-operating-under-new-company/ https://www.rimac-automobili.com/media/press-releases/rimac-...