It’s only been four years since the Rimac Group and Porsche joined forces to create Bugatti Rimac, but apparently, CEO Mate Rimac is already tired of the bureaucracy. Rimac is eager to take control of the joint venture and is in negotiations to buy Porsche’s stake in the company.
Matty said Bloomberg In a recent interview, she published Car Newsthat he had the investors necessary to take full control of the joint venture, and was able to buy out Porsche’s 45 percent stake in the partnership. Mate allegedly offered the German automaker around €1 billion ($1.2 billion at today’s exchange rate) for its stake in April.
Matty wants more control so he can have more freedom and negotiations It wasn’t secret. He told the publication:
“I just want to be able to make long-term decisions, make long-term investments, and do things differently, without having to explain to 50 people.”
Photo by: Bugatti
Buying Porsche’s stake would give the Rimac group full control of it Bugatti RimacBut the Porsche influence will remain. The German automaker has a 22 percent stake in Rimac Group, which it shares with Mate (35 percent), Hyundai Motor Group (11 percent), and other investors (32 percent).
Mattei told the newspaper that the deal could be done by next year, but added that there were “many factors” when negotiating. It also doesn’t help that the Porsche-Piëch family still owns a stake in Porsche. “It’s an emotional topic,” he added.
Porsche faces its own hurdles at the moment. CEO Oliver Bloom Warn the staff Last summer, it became clear that the company’s current business model, “which has served us well for decades, no longer works in its current form.”
Photography: Rimac
The automaker faces intense competition in China, exacerbated by declining consumer interest in its electric cars. It’s a fraught dilemma exacerbated by tariffs and regulatory uncertainty.
If the deal goes through, we could see some bigger changes at Bugatti Rimac and the products it makes. Mate was founded Rimac In 2009, the Concept_One was unveiled just two years later. It will begin building the Nievera electric supercar in 2022.
