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Rimac to buy Porsche's stake in Bugatti Rimac
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Mate Rimac, CEO of Rimac Group, recently shared plans to buy out Porsche's 45% stake in Bugatti Rimac.
Porsche currently owns 45% of the company. The company just rolled out its first post-merger model.
Mate Rimac is set to acquire Porsche's stake
This €1 billion-plus buyout could give Rimac total freedom to shape Bugatti Rimac's future, without having to compromise with Porsche.
It's a big deal for the hypercar world, especially as electric tech is shaking up who's in charge.
Negotiations are a bit tangled since Porsche also owns a chunk of Rimac Group, but if all goes well, a deal could be done next year.
If you're into fast cars or the future of EVs, this is one to watch.