- Porsche has finalized the sale of its stakes in Bugatti Rimac and Rimac Group, ending its direct involvement with the legendary French marque.
- The deal closes a nearly 30-year chapter that began when Ferdinand Piëch brought Bugatti into the Volkswagen Group in 1998.
- Bugatti now enters a new era under Mate Rimac, with Porsche out and a new investor group backing the brand’s future.
Well, that’s it, folks. Porsche has officially cut ties with Bugatti and Rimac, closing an important chapter in Volkswagen Group history. The house of Zuffenhausen completed the sale of its stakes in Bugatti Rimac and Rimac Group on September 9, following regulatory approval. Porsche gets about €1 billion ($1.16 billion) from the deal, with €250 million ($290.7 million) already earmarked for its pension obligations.
