Volkswagen in talks to sell Bugatti to Croatia’s Rimac: Manager Magazin

A Bugatti Chiron sports car drive is driven on a road near Molsheim
FILE PHOTO: A Bugatti Chiron sports car drive is driven on a road near Molsheim, France June 6, 2019. REUTERS/Arnd Wiegmann

September 17, 2020

FRANKFURT (Reuters) – Volkswagen <VOWG_p.DE> is in talks to sell its supercar brand Bugatti to Croatian entrepreneur Mate Rimac, Manager Magazin said on Thursday citing people familiar with the talks.

The sale to Mate Rimac will be discussed by Volkswagen’s committees this year, Manager Magazin said.

Bugatti, Mate Rimac and Volkswagen declined to comment.

Rimac has developed an electric supercar platform, which he supplies to other carmakers, including Automobili Pininfarina. Volkswagen unit Porsche owns a stake in Rimac.

(Reporting by Edward Taylor; Editing by Joseph Nasr)