Electric hypercar maker, Rimac, sets JV with Porsche

By Antoanela Ionita

Yesterday was a historic day for the Croatian electric hypercar manufacturer , Rimac Automobili. They joined forces with Porsche AG, including Volswagen’s Bugatti brand, to create a hypercar manufacturer. Mate Rimac will lead the joint venture, with The Rimac Group as the major shareholder (55% stake) and Porsche AG owning the rest. Bugatti shares will be transferred into the new group. Originally founded in 2011 and currently headquartered in Zagreb,...