Porsche increases stake in Rimac, opens door for Bugatti takeover

Volkswagen Group subsidiary Porsche has increased its stake in Croatian brand Rimac Automobili, opening the door for a long-rumoured takeover at Bugatti. Last year CarAdvice reported an alleged agreement between the two companies could see Porsche incrementally increase its stake in Rimac to as much as 49 per cent by mid-2021. In return, Rimac would acquire the Bugatti name from the Volkswagen Group without money swapping hands.

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Teacher accused of using rented Toyota Supra for land-speed record attempt

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2023 LDV T60 Max price and specs: Prices up by more than $4000

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