TELETRADER News
9/17, 12:37 PM (Source: TeleTrader)
more TeleTrader news

VW-4.97%

143.50
Chart for: VOLKSWAGEN AG ST O.N.

Volkswagen to sell Bugatti to Rimac Automobili - report

Volkswagen AG is allegedly having talks on selling its luxury brand Bugatti to Croatian car manufacturer Rimac Automobili, Manager Magazin reported on Thursday.

Sources claim that the sale to Rimac should undergo the committee's approval this year.

Rimac develops and produces electric sports cars, drivetrains and battery systems. The company is also a supplier for other carmakers, including Automobili Pininfarina. Volkswagen's Porsche already has a stake in Rimac.

Breaking the News / TF