Electric performance car company Rimac is taking control of Bugatti, with a new Bugatti Rimac hypercar company being spun out for the legendary brand. Porsche will hold a minority stake in the new joint venture, while Rimac’s EV drivetrain and battery division will be hewn off into an independent business that will work with other automakers.

Indeed, the new structure is getting fairly complicated, given Rimac’s existing ownership structure.
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