Porsche Creates Electric Supercar Maker
Bugatti-Rimac Joint Venture Source: Bugatti Chiron Source: Rimac Nemera Source: Rimac Nemera Future of Electric Supercars Seismic moves in the global supercar world. VW has handed over control of its storied supercar brand Bugatti to Porsche, which VW owns. Porsche, in turn, is creating a new supercar joint venture - Bugatti-Rimac. Rimac is a Croatian based company that specializes in state of the art, electric supercars that some automotive experts consider magnificent. The financial structure of the JV is interesting. Rimac will have a 55% stake in the JV. Porsche will own 24% of Rimac and own a 45% stake in the JV. And, the new entity will be headquartered in Croatia with 430 employees. Also, both Rimac and Bigatti will continue to exist as separate entities. Porsche's Automotive Strategy Porsche's strategy is to combine Rimac's innovation in electric mobility wi