""In setting up the joint venture Bugatti Rimac together with Rimac Group, we successfully laid the foundation for Bugatti's future," said Porsche CEO Dr. Michael Leiters. "Now, with the sale of our stake, we demonstrate that we will focus Porsche on the core business.""
""Porsche has been a crucial partner, and we are deeply grateful for their role in establishing Bugatti Rimac," said Mate Rimac, CEO of Bugatti Rimac. "With the strong foundations their support has provided, we now have a structure that allows us to execute even faster on our long-term vision.""
In 2026, the automotive landscape is shifting, with electrification still prominent in China and Europe. However, high-end buyers are not interested in all-electric hypercars. Porsche faces challenges, reporting a 15 percent sales decline in Q1 2026 and announcing cuts in production capacity and job losses. To refocus on its core business, Porsche is selling its stakes in Bugatti Rimac and Rimac Group to a consortium led by HOF Capital, emphasizing a strategic shift amidst market pressures.
Read at Ars Technica
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