The big news in the car industry this week is that Bugatti has been bought by Rimac Group. In 2018, Porsche gave Rimac a public vote of confidence when it acquired a 10 per cent stake in the firm to form a development partnership. (Rimac) / FacebookTwitterEmailWhatsapp Rimac’s new campus will be ‘state of the art’ according to the company. No, it’s a majority owner with 55 per cent of the company falling under the new Rimac Group umbrella, with Porsche owning the other 45 per cent. Rimac Group ownership is made up of Mate Rimac (37 per cent), Porsche (24 per cent), and Hyundai (12 per cent), with other investors making up the final 27 per cent.

Source: Irish Independent July 06, 2021 11:37 UTC