Porsche, which already has a 45 percent ownership stake in Bugatti Rimac, is now considering a majority takeover to gain more control, reports the German financial portal Manager.
Talks are already underway, as confirmed by the founder and director of Rimac, Mate Rimac.
In addition, he added that the company is well positioned and that they would also like to increase their ownership share. Bugatti’s cars are sold out until 2029, and the joint venture should become profitable again from 2025.
If Porsche were to take a majority stake, other investors would have to agree. Rimac’s shareholders include Hyundai, Goldman Sachs, SoftBank and Invest Industrial. The takeover could be strategically beneficial for Porsche, analysts say. Porsche is currently facing many challenges.
Porsche sales fell after three quarters. Sales of electric models plummeted, and the arrival of the electric Macan was delayed due to software problems. There are also problems with the development of the Cayman and Boxster electric models, which could delay their arrival on the market. Production of the electric Taycan has been reduced to one shift due to low demand, writes Bloombergadria.
Although Porsche did not want to comment on those topics, Mate Rimac stated that there are discussions among the owners about a possible transaction. He also made it clear that the success of the Porsche takeover was not guaranteed. Apart from Porsche, there are other interested parties, he added.
Thus, Porsche could create an alternative for the announced Mission X electric super sports car (pictured). The concept of that car was presented in 2023, but it is not clear whether it will enter serial production. Rimac already admitted this summer that the market environment has changed and that the richest no longer want electric cars.
Source: Seebiz.eu / Manager / Bloombergadria
Photo: Arhiva Autoblog.rs / Porsche
Source: autoblog.rs
