Bugatti-Rimac merger confirmed, legendary French brand to be electrified

Bugatti and electric vehicle specialist Rimac have confirmed plans to merge under the name Bugatti-Rimac, with the deal set to be finalised in the fourth quarter of this year (October to December inclusive). Porsche – which is a fellow Volkswagen subsidiary alongside Bugatti, and currently owns a 24 per cent stake in Rimac – administered the arrangement. Rimac will hold the controlling stake in the newly-formed company with 55 per cent ownership, while Porsche will hold a 45 per cent share.