Volkswagen Is In Talks With Croatia's Rimac To Sell The Luxury Brand Bugatti
German carmaker Volkswagen is in talks with Croatian hybrid car manufacturer Rimac Automobili about a possible sale of the luxury sports car brand Bugatti, the WSJ reported, citing a source familiar with the negotiations.
However, there is no guarantee that an agreement will be reached. "Although negotiations are at an early stage, Volkswagen seems ready to sell (Bugatti), and the company has a very high opinion of Rimac and its founder, Mate RIMAC," the newspaper notes.
The Croatian company Rimac, founded in 2009, specializes in the production of components for electric and hybrid vehicles. Rimac's clients include Porsche, which is part of the Volkswagen group.
Volkswagen is the largest car manufacturer in Europe, combining the Volkswagen, Audi, Skoda, Seat, and Porsche brands. The Corporation's luxury car manufacturing division includes well-known brands such as Lamborghini, Bentley, and Bugatti. The company also produces trucks through the Volkswagen Commercial Vehicles division, as well as the Scania brand.