After almost three decades under the orbit of the Volkswagen Group, the hypercar brand changes hands in a deal that should be completed by the end of 2026
Porsche announced this week the full sale of its stake in Bugatti and the Rimac Group to a consortium of investors led by HOF Capital. The decision marks the end of a 28-year cycle in which the French hypercar manufacturer was under the direct influence of the German brand and, consequently, the Volkswagen Group.
Since 2021, Bugatti had operated under the aegis of a joint venture in which the Rimac Group held 55% of the shares and Porsche the remaining 45%. In addition, the Stuttgart-based automaker owned a 20.6 percent stake in Rimac Group itself, which focuses on electric propulsion technology. With the new transaction, which includes BlueFive Capital as the main investor, Porsche completely withdraws from the corporate structure.
SEE ALSO:
The move is part of a broad restructuring process led by CEO Oliver Blume. The company faces increasing challenges in the transition to electric mobility and seeks to streamline its operations to gain agility. The repositioning aims to concentrate resources on the brand’s core business , making the operation leaner and more competitive in a scenario of high costs in the European industry.
Under Volkswagen’s management, started in 1998 by then-enthusiast Ferdinand Piëch, Bugatti resurfaced with models that set global records, such as the Veyron and Chiron. Porsche’s departure now distances Bugatti from the traditional governance of Wolfsburg, allowing the French and Croatian brand Rimac to follow a path of financial independence under the new consortium. The completion of the deal depends on regulatory approvals in Europe and the United States, expected to occur by the second half of 2026.
