Volkswagen Group will sell Bugatti to focus more on electric cars

The Volkswagen Group is selling Bugatti, known for producing the fastest cars on the planet, to Rimac, a Croatian automaker. According to the English magazine Car Magazine, Volkswagen executives have already approved the sale, but it has not yet been put on paper.

Founded in 1987, the current Bugatti is descended from the original automaker, founded in the city of Molsheim, in what was then Germany, in 1907 by the Italian industrial designer Ettore Bugatti

The Volkswagen Group later acquired Bugatti. One of their more recent vehicles, the Bugatti Chiron Super Sport, has become the world’s fastest production car, reaching a speed of 490.48 km/h in August of 2019.

With this sale, the Volkswagen Group intends to focus resources on developing autonomous driving technologies and electric vehicles based on a common platform, which has been named MEB. Among them the compact ID.3 and the crossover ID.4. are the main attractions

However, since the Volkswagen Group owns Porsche, which has 15% participation in Rimac, if the transaction is completed, Bugatti CEO Stephan Winkelmann is expected to remain in office. Teslaratti

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