Rimac completes Bugatti takeover
The Croatian electric car manufacturer Rimac will take over a majority stake in VW’s luxury Bugatti brand, as expected. The German automaker group is thus parting with a brand but will continue to hold shares in the new company Bugatti-Rimac via Porsche.
Rimac to build electric motors & batteries in China
Croatian super carmaker Rimac Automobili and China’s Camel Group have agreed to start building electric motors and batteries this year. The facility in Chinese Xiangyang is to churn out 50,000 units annually with construction to cost about 128m euros.