Industry
As electric aspirations fade, Porsche sells its stake in Bugatti
Porsche has agreed to sell its 45% stake in Bugatti Rimac to a consortium led by HOF Capital , ending its involvement in the 2021 joint venture with Rimac Group. Porsche will also divest its 20.6% sta
Porsche has agreed to sell its 45% stake in Bugatti Rimac to a consortium led by HOF Capital , ending its involvement in the 2021 joint venture with Rimac Group. Porsche will also divest its 20.6% stake in Rimac Group as part of the transaction. The sale reflects Porsche's need to focus on core business as U.S. tariffs and falling demand in China squeeze profit margins .
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Source: Ars Technica | 2026-04-24