Yesterday, Porsche CEO Oliver Blume and Rimac CEO Mate Rimac signed contracts signifying the creation of Bugatti Rimac, a joint venture set to be established in “the fourth quarter of 2021.”
Formerly a subsidiary of VW Group, Bugatti–and now Rimac–will function under the umbrella of Porsche, with 55 percent of the shares of the new joint venture going to Rimac …