Luxury Automaker Shifts Gears: Porsche Sells Stake in Electric Supercar Venture In a surprise move, German sports car manufacturer Porsche has agreed to sell its stakes in the Bugatti-Rimac joint venture and the Rimac Group to a consortium led by US-based investment firm HOF Capital. The deal marks a significant departure from Porsche's previous stance on its involvement in the high-performance electric vehicle (EV) market, where the Bugatti-Rimac joint venture has been at the forefront of innovation. The sale is expected to have far-reaching implications for the future of electric supercar production, with some speculating that the new ownership structure may lead to a more aggressive expansion of the Rimac Group's product line. As the automotive industry continues to shift towards electrification, this development is likely to be closely watched by industry insiders and enthusiasts alike.
Porsche agreed to sell its stakes in the Bugatti-Rimac joint venture and the greater Rimac group to a consortium led by U.S.-based investment firm HOF Capital.
