Bugatti's Future With Porsche Has Been Decided

Asked to name an automotive brand that exemplifies sheer speed, many would point to Bugatti. The French automaker has brokennumerous speed recordsthrough the years with models like the Veyron and theChiron Super Sport 300+. However, on the business side, matters tend to move at a much slower rate.

For months now, rumors have swirled about who will take over ownership of Bugatti. In September, the answer to that appeared to be Rimac Automobili before ajoint venture between Porsche and Rimacfor the control of Bugatti was mentioned. It now seems that a final deal is about to be made followingrecent claimsthat Rimac will own a 55-percent share of Bugatti.

Oliver Blume, CEO of Porsche AG and Volkswagen management board member, reportedly said on Monday that VW would soon be deciding on the future of Bugatti. This leads us to believe that an official statement from VW will clarify matters imminently. The expected venture between Rimac, the Croatian electric hypercar maker, and Porsche, would see the German brand serve as a minority partner. Either way, it appears that the transition would accelerate the development of a fully electric Bugatti to take over from the Chiron.

As seen with the Rimac Concept_One and the newNevera, the Croatian company certainly has the expertise to help develop a true supercar that doesn't rely on an internal combustion engine.