ROME – Bugatti will come under the control of the young Croatian supercar manufacturer Rimac, who has planned an electric future for the legendary racing car brand with the support and experience of Porsche.
After several months of rumors, Rimac and Porsche (a Volkswagen subsidiary) announced their alliance in a joint venture, 55% owned by the Croatian manufacturer. The company called Bugatti-Rimac will be based in Zagreb and will be led by Mate Rimac, 33 and nicknamed the “Elon Musk of the Balkans” in the press.
The new company, of which Porsche will be a 45% shareholder, should see the light in the fourth quarter of 2021. The amount of the transaction was not disclosed.
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This is an important milestone for the Croatian entrepreneur and his team, which in a few years have become one of the world leaders in electric “supercars”.
Mate Rimac founded his company in 2009 and today employs over 1,000 people. Rimac Automobili has opened its plant in Sveta Nedelja, near Zagreb, and aims to attract manufacturers to Croatia rather than relocate production.
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