Deals
VW Considers Bugatti Sale to Croatian Electric Supercar Maker
- To help fund the deal, Porsche could boost its stake in Rimac
- Brand’s boss has waged ‘hard fight’ for funds from parent
Source: Bugatti
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Volkswagen AG is considering a sale of its Bugatti division that would give the maker of 16-cylinder performance vehicles a new lease on life in the electric age, according to a person familiar with the discussions.
To help finance the potential deal, VW’s Porsche unit could boost its 15.5% stake in Rimac Automobili to as much as 49%, said the person, who asked not to be identified because no final decision has been made. CAR Magazine reported on the talks between VW and the Croatian producer of battery-powered supercars earlier Thursday.