April 26, 2021 - Rimac C_Two against Porsche Taycan - which is faster? Mate Rimac races to find out. 

Mate Rimac published a video of the race between the Rimac C_Two and Porsche Taycan Turbo S on the runway of the airport in Nova Gorica. The C_Two he drove was one of only five prototypes, Rimac said, and announced that he would invite journalists to test it in the coming weeks. Rimac C_Two will not be the official model name, though Rimac said it will be announced soon.

"The car is not finished yet, there is still room for improvement," he says.

Despite a poor start, Rimac C_Two overtook Porsche and was the first to cross the finish line.

"Of course, not everything is accelerating," said Rimac and announced significant progress in the car's performance in the next few weeks.

The Bugatti Chiron currently holds the record with 9.4 seconds for a quarter-mile, while Rimac was just under 9 seconds. 

Rimac C_Two is an electric hypercar presented in 2018 at the Geneva Motor Show. ‘A car brought together with technology', as some have called it, has seen a lot of hype in the automotive world.

According to Rimac, it reaches a speed of 415 kilometers per hour, develops a power of as much as 1914 horsepower, and reaches 100 in less than two seconds, so it is currently one of the cars with the highest acceleration in the world.

The C_Two is unlocked by the face recognition system, and in just half an hour it will charge 80 percent of the battery that drives it.

For the sake of humor, a fire extinguisher has been added to C_Two with the inscription "if driving uphill, put out the fire" as a reference to the famous Grand Tour crash when Richard Hammond was behind the wheel of Rimac's Concept One.

Rimac Automobili previously announced that they need about eight weeks to produce each prototype, which is twice as fast as the previous production process. In full operation, the factory will be able to produce up to four prototypes per month. This means that the entire batch of 150 should be produced in three years.

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April the 26th, 2021 - The latest Croatian scam has been detected as donations are sought and false financial advice about investments from Mate Rimac is given on fraudulent websites.

Few have become more famous (at least for positive reasons) in Croatia over the last few years as Livno-born entrepreneur Mate Rimac. Having attracted not only the attention of automotive giants including Porsche, but their money in the form of enormous investments too, all eyes have been on Rimac for some time now.

As the entrepreneur continues to make impressive business moves and dispell theories that succeeding in Croatia is impossible, such as with his latest Rimac Campus project, unfortunately some not so respectable eyes have been watching him and hoping to take advantage in some way or another.

Scams via apps or texts have become somewhat commonplace, and although a Nigerian prince wanting your bank details and informing you of the untimely death of your hitherto unknown relative are typically obvious lies, not all of them are so transparent.

As Poslovni Dnevnik writes, dangerous fake news in the current era of social media is unfortunately rife, and scams also are. Businessman Mate Rimac himself warned about this epidemic of sorts on his Facebook profile.

''We hereby appeal to everyone not to fall prey to fraud,'' N1 also reported when discussing the latest Croatian scam which is asking for donations in Mate Rimac's name.

To be more specific, someone has divised a Croatian scam to trick people into investing money in a start-up company, in the form of cryptocurrencies. Of course, the entire thing is completely and utterly fake, as is Mate Rimac's apparent ''advice'' on making such investments that this particular Croatian scam is using in its attempt to fool would-be investors or cryptocurrency fans.

“People, don’t fall prey to these stupid scams. They're constantly using the identities of public figures - unfortunately that includes me too,'' said Mate Rimac last year. These particular ads lead to seemingly trustworthy and normal-looking portals, however these are very much fraudulent sites regardless of their more professional appearance.

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April 25, 2021 - The president of the International Automobile Federation Jean Todt visits Rimac Automobili.

Sportske Novosti reports that the president of the International Automobile Federation, Jean Todt, arrived at the World Rally Championship Croatia Rally, which is being held in Croatia this weekend. The first man of the FIA, whose decision was crucial for Croatia's entry into the WRC calendar, shared his first impressions.

"Maybe we should ask people who have been involved in the organization and implementation of the rally from the beginning, but according to what I heard from the participants of the race, the impressions are good, and everyone is satisfied. In Croatia, we won a very demanding competition, an uncertain race that requires the creativity of the team and the driver. The weather is great, the fight on the track is open, and first impressions are good, but we need to wait for the end of the race for the final grade," Todt said.

"This season, some legendary rally races such as Greece and Kenya are returning to the WRC calendar, but Croatia, along with Estonia and a new race in Finland, further enriches the World Championship, and I think that this year we will enjoy an interesting season despite the problems brought on by the pandemic. Croatia has so far been known in the world as a tourist country, and from now on, it will be a country that hosts the WRC. It’s just a new step in the history of car racing and a good reminder of the first club founded 115 years ago."

Emphasizing the great efforts of the rally organizers and the Croatian Car and Karting Association, Todt also recalled the recently deceased Mayor of Zagreb, Milan Bandić.

"I visited Croatia several times on the occasion of the WRC race, and Milan Bandić was one of the people who always supported the whole project. He put a lot of personal effort into making it happen in the end. Unfortunately, he is no longer with us, and I think that in the end, this rally should be dedicated to him," said Todt, who on Saturday had the opportunity to visit the plants where Rimac cars are made and take a short test lap in one of his prototypes in Sveta Nedelja.

"I really appreciate people who can push the boundaries, and Mate Rimac is one of them. I was impressed by the acceleration achieved by his cars, but even more by the vision and passion behind everything he has done in just 10 years. It was necessary to have the guts to start developing an electric hypersport car when electric cars were just exotic. I was also introduced to his plans and future projects, and you have to respect and support such things."

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April the 17th, 2021 - The Rimac Campus project, which will work to further showcase what Croatia can offer to the automotive world through its most impressive entrepreneur, Mate Rimac, has taken another step towards fruition as the Sveta Nedelja Mayor, Dario Zurovec, signs on the dotted line.

As Poslovni Dnevnik/Suzana Varosanec writes, the signing of the appropriate contract for the future Rimac Campus in Sveta Nedelja between CEO and founder Mate Rimac and Sveta Nedelja Mayor Dario Zurovec will start the wheels turning on a very significant cooperation.

With their signatures on the contract, the Rimac Campus project will officially be off the ground and firmly on track for 2023. Their new headquarters, with a capacity of 2,500 employees and at location only sixteen kilometres away from Zagreb, will cover 200,000 square metres of land in total.

The planned investments in the Rimac Campus project have been announced in the amount of more than 200 million euros - in the form of the construction on the new location which is expected by the end of the year, and its completion is planned for 2023, while on the other hand the size and ambitions of the new Rimac Campus project are so large that according to general estimates, it is set to be among the largest of its kind in all of Europe in terms of its various industries.

However, given the company’s rapid growth, the location is designed so that it can expand over time while still blending in with its natural environment. In the long run, the new location will, as stated, accommodate over 2,500 employees, which exceeds the current number of employees by more than 100 percent, and is therefore going to be divided into two different areas.

The first is the company's headquarters building, where the main functions, management and research and development centres will be located, as well as the offices of Greyp, a company for the production of electric bicycles, which was also founded by Mate Rimac.

For more on Mate Rimac and other Croatian entrepreneurs, make sure to follow Made in Croatia.

April the 15th, 2021 - The wildly successful Croatian businessman Mate Rimac is going from strength to strength, and he sat down with Bloomberg to discuss not only his plans going forward but his concerns.

As Novac/Bernard Ivezic writes, reports claim that Rimac Automobili is set to produce a maximum of 100 vehicles per year. After his company announced its highly detailed plans for a new campus, which will include the first car factory in Croatia, Croatian businessman Mate Rimac told Bloomberg that his focus in this segment will remain on small series vehicles.

Bloomberg writes that Rimac has stated that cars with his name on them will always be sold in small quantities - meaning less than 100 units of them per year - to avoid competing with manufacturers who are customers of his company.

It's worth noting that Rimac Automobili's core business isn't actually the production of electric vehicles, but the development and production of components for electric vehicles. The technology of this Croatian company is thus incorporated into the Aston Martin Valkyria and Koenigsegg Reger models.

In addition, Rimac Automobil's largest partner, Volkswagen, has been trying to consolidate Bugatti through this particular Croatian company for a long time. After Croatian businessman Mate Rimac rejected the possibility of transferring the majority ownership of Rimac Automobili to Volkswagen or Porsche, in exchange for Bugatti, the Germans presented a new plan.

Bloomberg recalls that back in March, Herbert Diess, the CEO of Volkswagen, proposed that Porsche enter into a joint venture with Rimac and thus take over Bugatti.

As such, Volkswagen, or Porsche, would de facto give up most of its ownership of Bugatti only if the well-known French manufacturer of internal combustion engines took over and modernised the most successful European manufacturer of technology for electric vehicles. Rimac Automobili thus found itself in a somewhat unenviable position, because Porsche is, after Rimac, individually the largest co-owner of Rimac Automobili and a company that raised its market valuation to the status of close to 1 billion US dollars.

Bloomberg also reports that, although Croatian businessman Mate Rimac has already stated once that he is not inclined to go public through the SPAC, he is still, at least theoretically, thinking about it.

''It wouldn't be a good feeling for me, that while everyone is collecting heaps of money in this way and may not have as many things to show for it, in the same way as we do, that we're left behind without capital, so of course we're still looking into this possibility,'' explained Mate Rimac.

SPAC is when company is created and has the obligation to take over another company and de facto sells the shares of that other company through itself. Rimac told Bloomberg that he has a high opinion of companies like Lucida or the company Rivian Automotive in which Amazon has invested, but also that he is suspicious of how much SPAC can be used by other startups for electromobility.

Late last year, Mate Rimac told the Financial Times (FT) that frequent use of SPACs could harm the long-term prospects of the industry in which it operates.

''The managers of such specialised companies (SPAC) don't bear the same responsibility for the potential growth prospects of the company as managers who raise money through an initial public offering (IPO) in stock markets do, which raises fears,'' said Mate Rimac. He explained that a lot of money can be obtained today for companies that don't have any product to speak of and that it scares him.

''When we list shares on the stock exchange, I want to show the numbers, I want the shares to be traded on the basis of facts,'' Rimac told the Financial Times at the time.

Now for Bloomberg, he pointed out that no other company in the field of electromobility can boast of making a profit for five years. Back in 2019, Rimac Automobili had revenues of €23 million and a profit of €1.4 million in total.

For 2020, Rimac Automobili pointed out that they have achieved strong growth and that they expect even stronger expansion this year. However, the result for 2020 has not been revised yet, so it hasn't been made public yet either.

For more on Croatian businessman Mate Rimac and other local entrepreneurs and their products, make sure to check out our dedicated section.

April 13, 2021 - The new Rimac Automobili campus was presented on Monday, set to open in 2023. 

Index.hr reports that the manufacturer of electric hypercars and propulsion systems for electric cars, Rimac Automobili, presented the project of its new technologically advanced headquarters, which includes a test track, accommodation facilities, and a museum.

According to the statement, Rimac Automobili was created with a vision of creating exciting electric cars and propulsion systems for electric vehicles. In just ten years, they have grown from a garage project to a company that already employs 1,000 people. Today, the company develops and manufactures its own cars and technology and electric drive systems for many global car manufacturers. Today, it is one of the prominent companies on the rise in the automotive industry, transitioning to the electric future.

In line with its status as a strategic partner to large companies such as Hyundai, Kia, and Porsche, Rimac wants to gather all its employees and functions in one unique location. The striking complex, designed by the famous Croatian architectural office 3LHD, will embody all Rimac values. The new complex will be a base for research, development, and production. It will enable the company to grow from the production of prototypes and projects in small series to large-scale production of high-performance electric powertrains and battery systems for many global automotive companies.

The new location, based on the idea of creating the best possible working environment for employees from all over the world, is located just a few kilometers from the current headquarters of Rimac Automobili and is located on a plot of 200,000 m2. In comparison, the built area will reach about 100,000 m2. It is expected to be completed by 2023. The look and impression left by the new complex are the results of long deliberation. Mate Rimac wanted the new headquarters of his company to embody the character of the brand and the character of the employees. The spaces are designed to be friendly, open, and warm, with added elements of entertainment. Simultaneously, in line with the company’s status as a technology leader, they will be modern, illuminated, and inspired by the natural environment.

Unlike most automotive industry locations, where high fences and levels of secrecy are set up, the Rimac Campus will be open to the public, and the interaction of visitors, guests, the curious, and employees are desirable and welcome.

Speaking about the exciting plans, the CEO and founder of the company, Mate Rimac, said: "Only 10 years ago Rimac Automobili was one man in a garage. Since then, we have grown to about 1000 employees, entered into strategic partnerships with Porsche, Hyundai Motor Group, and other important partners. We work with the biggest names in the automotive industry. But what we have remained committed to is the development of our business in Croatia. We are proud to have stayed here and that this new location will become our long-term home."

"With the rapid growth came problems with space, which we 'patched' with many improvisations, so we ended up in more than 10 buildings in 6 cities in Croatia. The working environment and cooperation of teams are essential to us, so we decided to make a big step and build our long-term home - Rimac Campus. We want to create a space that best reflects our brand and our ambitions. We work with leading world architects to build a campus that fits into Croatia's natural beauty while uniting every aspect of Rimac Automobili. The project will create the best possible working environment for our employees and enable visitors and the general public to enjoy the space and socialize with Rimac Automobili employees. The campus will also contain some unexpected elements, such as an animal shelter, a hairdresser, a veterinary clinic, and growing our own food. Still, we have never been conventional, so the campus reflects our approach, which is different from most. The campus is our springboard for planned growth for the next decade and beyond, as it strengthens us as hypercar manufacturers and Tier 1 suppliers of electric drive components and vehicle systems to major automakers.”

3LHD has already designed several significant Croatian and international projects, including the Grand Park Hotel and Hotel Lone in Rovinj and the Hotel LN Garden in the Chinese city of Guangzhou. Using their rich experience in creating spectacular buildings and complexes, often integrating spaces with nature, the architects drew inspiration for the campus's design from several sources, including the shape and movement of Rimac's hypercar - C_Two, as well as speed, described from Rimac Automobili.

Thus, the main building's design focuses on how the four key groups will enter and move around the site. For example, employees will naturally strive to get to their jobs as quickly as possible. At the same time, at the other end, visitors are likely to want to soak up the experience as long as possible and stay in impressive common indoor and outdoor spaces.

Of course, in line with the brand’s focus on striking design, innovation, and sustainability, the new complex will feature many smart and unique features. Among them are the "urban swamp" and meadows and the garden on the roof of the restaurant. An additional element of the complex will be accommodation facilities. Instead of a classic hotel to accommodate visitors and new employees, a series of individual “capsules” are envisaged that will blend in with the forest environment.

Given the brand’s commitment and passion for automotive projects, the site will also have many facilities that will allow visitors to immerse themselves in the full experience of exciting cars and Rimac Automobiles. Among other things, customers will be able to view and choose their Rimac car's specifications in a special configuration room, and there will also be a museum and bar. As part of the tour of the site, visitors will have the opportunity to tour the production. Given the scope of Rimac's work for other automotive companies, several rooms are also planned for customer projects, which will be available only to employees working on a particular project.

One of the key values ​​of Rimac is the well-being and education of employees. That is why a playroom, a gym and a sports center, a restaurant, and even a kindergarten with a meadow with domestic animals are planned. In line with the sustainability orientation, on-site organic food production is also envisaged, and an abundance of greenery to enjoy for both employees and visitors. Satisfying the company's desire for multi-purpose and adaptable spaces, the site will also have an auditorium, conference hall, and training rooms. Given the company's rapid growth, the location is designed so that it can expand over time while still merging with its natural environment.

In the long run, the new location will accommodate more than 2,500 employees, which exceeds the current number of employees by more than 100%. Therefore, the site is divided into two different areas. The first is the company's headquarters building, where the main functions, management, research, and development will be located. The offices of Greyp, an electric bicycle company, were also founded by Mate Rimac.

This production facility will be connected to the production facility by a large glazed restaurant subtly embedded in the landscape overlooking both sides of the campus. At one end, there will be retail space and a nursery. On the other side, there will be a reception and a museum. Opposite them will be production and test facilities, which include design and prototyping. At the back, there will be an entrance to the heart of the site, a production plant with machining, composite production, paint shop, production of batteries and electric drive parts, vehicle assembly, and a quality control laboratory.

The new campus's size and ambitions are huge, which makes it one of the largest buildings of its kind in Europe, not only in the automotive industry. The planned financial investments in the project exceed 200 million euros. Construction on the new location is expected to begin by the end of the year, and completion is planned for 2023.

You can read more about the new Rimac Automobili campus HERE.

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March the 31st, 2021 - The new Zagreb Rimac Automobili office is now up and running, with yet more enormous plans lying ahead of Livno-born businessman Mate Rimac.

Mate Rimac is the protagonist of far one of the country's most fascinating and indeed inspiring entrepreneurial stories. In a country where ''you can't do that'' continues to reign strong when it comes to business, investments and actually getting ideas off the ground, Rimac's dogged determination and drive is something to be greatly admired.

The self-proclaimed lover of tech who has rather miraculously managed to make something work in Croatia which would have been deemed impossible before, has attracted the likes of German automotive giant Porsche to Croatia, having them invest eye-watering amounts of money into his company and even giving the Croatian Government a lesson on how to attract the car industry and as such foreign investment.

There seems to be little Mate Rimac can't turn his hand to and succeed in, and as the brand new Rimac campus and the move to a new space in Jankomir dominates his company's ''life'' at the moment, the new Zagreb Rimac Automobili office opening is yet another item ticked off his long list.

As Poslovni Dnevnik writes, Rimac Automobili has opened a new development office in Zagreb, which already has about 400 employees working there.

The new 4,400-square-metre Zagreb Rimac Automobili office covers two floors and ''houses'' experts from a number of different departments working on the development of battery systems, electric drive components, software solutions and autonomous driving systems. The new location on the ground floor is also home to three innovative R&D laboratories.

"This new Zagreb Rimac Automobili office has made it possible to group teams based on the projects they're currently working on - whether it's internal Rimac projects or technology we're developing for other carmakers," the company's official Facebook page stated.

For more on Mate Rimac and other Croatian entrepreneurs and companies, follow Made in Croatia and our business section. For all current coronavirus information specific to Croatia, including travel and border rules, as well as testing centres up and down the country, make sure to bookmark this page.

March the 26th, 2021 - Sveta Nedelja Mayor Dario Zurovec has spoken out in more detail about the enormous investment tied to Mate Rimac's name.

As Poslovni Dnevnik/Marija Brnic writes, Mate Rimac, as expected, was the only one to submit a binding offer to Sveta Nedelja for the establishment of building rights in a field in Kerestinec, in the area near the old Erdödy Castle, which proved to be an ideal location for his upcoming Rimac campus construction project.

The tender, which closed very recently, envisions the conclusion of a 69-year-long contract, with an annual rent of 199,000 square metres at a price of 0.10 kuna per square meter, and sets out, among other things, a three-year deadline to complete the investment and the beginning of the works beginning within the first 12 months.

Judging by Mate Rimac, who has been looking for such a location for a long time, none of this will be a problem, because the lack of space has been a problem for him for a long time, and he has just announced that he has found a temporary solution to accommodate his current 400 to 500 employees in the former Pevec building located in Jankomir.

Sveta Nedelja Mayor Dario Zurovec revealed that the total investment of Rimac Automobili in the future Rimac campus oriented to new technologies and the automotive industry will amount to more than one billion kuna in total, which is significantly more than what was set out as the minimum amount in the tender (one hundred million kuna) and is being seen as one of the largest investments to have ever taken place in Croatia.

According to data from Rimac's offer, Sveta Nedelja Mayor Dario Zurovec says that the creation of around 700 new jobs is planned, mostly of highly educated members of staff. The location in Kerestinec has already been spatially adjusted to the needs of the Rimac campus project, which, in addition to the production plant and research and development centre, also envisages the construction of a testing laboratory, an information and educational complex, a restaurant and a space for short stays, as well as various facilities for employees such as a gym, sport and recreation areas.

Zurovec has made no effort to hide his sense of pride and satisfaction in the fact that everything is now ready for this huge investment venture, which will result in an even better position of Sveta Nedelja on the Croatian and even on the European investment map.

"This is by far the largest investment in the history of Sveta Nedelja", said Mayor Zurovec proudly, who expects to sign a contract with Rimac Automobili, in accordance with all relevant decisions, in just a week or two.

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March 24, 2021 - The Rimac Automobili UK office for research and development has opened its doors, Mate Rimac announced on Tuesday when British Minister of State for Tade Policy Greg Hands visited Sveta Nedelja. 

T.portal reports that Rimac's R&D office has thus opened in the Warwick Enterprise Park and has plans to employ 30 people by the end of this year.

There, the British automotive industry will cooperate with the company's headquarters in Croatia.

Mate Rimac announced the news when Greg Hands visited the company's headquarters in Sveta Nedelja.

Hands, who watched Rimc's cars at Top Gear, said that the Croatian car company was "inspiring."

"He left probably the most famous television car figure in the world, Jeremy Clarkson, without words," Hands said of Rimac's cars.

A new office has opened near the University of Warwick near the city of Coventry.

"It's a great university of engineering," Hands said.

"And rights," added the British ambassador to Croatia, Andrew Dalgleish, who studied law there.

Minister @GregHands, Ambassador @a_dalgleish & @MateRimac at the fascinating @AutomobiliRimac factory?: clean growth and green technology solutions are our present and our future!?✊#TogetherForOurPlanet #COP26@tradegovuk pic.twitter.com/3hTO2xImuC

— UK in Croatia ?? ?? (@UKinCroatia) March 23, 2021

Rimac said that British engineers were "first-class in new technologies for vehicle electrification and future mobility" and added that "although they are starting with a small office, they could significantly expand in the years to come."

"Although Croatia will always be our home, we decided to take the opportunity and gather a small team in the UK, where the automotive industry has a long history and a high level of expertise," said Rimac.

Rimac Automobili currently employs nearly a thousand people and continues to expand rapidly.

The company has already worked closely with British companies to supply technology for automotive brands such as Aston Martin and Jaguar.

Rimac Automobili is also a supplier to many of the world's largest car manufacturers such as Hyundai, Porsche, Pininfarina, Koenigsegg, and others.

Sveta Nedelja announces that the company will soon present the super sports electric car C_Two in its final form. The car will soon enter series production, limited to 150 units.

The C_Two will reach a top speed of 412 km / h and accelerate to 100 km / h in less than two seconds.

Hands told Hina that he arrived in Croatia to maintain good trade relations with EU member states now that the UK has left. He was opposed to that decision.

"Croatia is a like-minded country when it comes to the free market and is a good friend of ours," the British minister said, revealing earlier on his Twitter profile that he had spent his honeymoon in Croatia in 2005.

Hands, a conservative MP for London's Chelsea and Fulham districts, met with Prime Minister Andrej Plenković's adviser Vladimir Drobnjak earlier on Tuesday, and in the coming days, will meet with several Croatian ministers, including the economy minister.

Ahead of Hands' visit, the British embassy in Croatia said the UK was "sending a clear message that it wants a strong partnership with Croatia and great local companies, with a special focus on green technologies."

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March the 19th, 2021 - Volkswagen's boss has spoken out about the information which has been circulating for months now about the alleged Rimac Bugatti purchase. Rumors have been doing the rounds for some considerable time, and speculation has been rife.

As Novac writes, rumours about an alleged Rimac Bugatti purchase, more specifically that Rimac Automobili would take over Buggati, have been flying around for a while now. The main body of these rumours was how Volkswagen could restructure the business of its entire concern by merging Rimac, Porsche and Bugatti into one unit which would work together to produce supercars. Now, for the first time since the proverbial rumour mill began operating, Volkswagen's Herbert Diess has spoken out, writes Seebiz.

He explained the fate of this reorganisation in a conversation during the annual VW press conference. Currently, Bugatti is in the phase of moving under the cap of Porsche, which will become its umbrella company. At the same time, Porsche increased its stake in Rimac Automobili from 15.5% to 24%. Both moves go in the same direction, and that is the creation of a separate unit specialising in advanced technologies and supercars that would take advantage of the synergistic effect of all those involved.

After the merger of Bugatti with Porsche, in the form of a partnership, talks will begin with Rimac, which will also be taken care of by Porsche, explained Diess, confirming that the VW group had absolutely no plans to "sell Bugatti to Rimac".

Instead, the responsibility for Bugatti will be shifted to Porsche, which could then form a joint venture with Rimac, in which Porsche will hold a minority stake. That joint venture could include Bugatti, so Rimac Automobili and Bugatti could indeed be merged.

These were roughly the expectations when the information about the merger of Bugatti Rimac with Automobili first appeared in Croatia, and now it has been officially confirmed for the first time.

The exchange of ownership shares, the transfer of control to Porsche and then the creation of a new joint venture - this is what is set to follow if Diess' plan ends up being realised. Nothing has been confirmed or agreed on yet, but now at least the direction in which Volkswagen's department for supercars and modern sports electric vehicles will develop is known.

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