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Bugatti opens a new phase with Porsche’s exit from Bugatti Rimac, ending a cycle initiated under Volkswagen in 2000 and concentrating operational control, product development, and the leadership of the manufacturer’s next stage in Rimac’s hands
Bugatti has entered a decisive change. Porsche has agreed to sell its 45% stake in Bugatti Rimac to a consortium led by HOF Capital, with BlueFive Capital as the main investor. With this, Rimac preserves its 55% share and takes over operational control of the French brand.
The operation is significant because it ends a historical link with the Volkswagen group. It was under this structure that Bugatti returned to the center of the hypercar market in the early 2000s. Now, the brand will have its strategy concentrated in Rimac, which will lead the development, technology, and execution of the company’s long-term vision.
Bugatti shifts focus and concentrates decisions in Rimac
The Bugatti Rimac joint venture was created in 2021 with a clear division. Rimac held 55%, while Porsche took 45%. The sale of the German stake alters this balance and leaves the Croatian manufacturer as the central force of the operation.
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In practice, Bugatti no longer shares its command with Porsche. This gives Rimac more freedom to define the brand’s product, technology, and positioning. It is a relevant corporate change because it reduces the dispersion of decisions at a time of technical and strategic transition.
What Porsche sold and how the operation was structured
Porsche decided to sell its 45% stake in Bugatti Rimac to a New York-based consortium led by HOF Capital. The operation also includes BlueFive Capital and other investors from Europe and the United States.
Furthermore, Porsche will divest its 20.6% stake in the Rimac Group. This completely ends the German automaker’s investment in the group linked to Rimac, including the broader structure involving automotive technology and hypercar operations.
The numbers that show the scale of the change
The joint venture’s shareholding structure was established in 2021 with 55% for Rimac and 45% for Porsche. With the German company’s exit, full operational control passes to Rimac after the deal’s completion.
The transaction values were not disclosed. Still, the source cites a Reuters estimate according to which Bugatti Rimac is worth more than US$1 billion. In this scenario, the sale of Porsche’s stake in the joint venture could represent about US$500 million, not including the divestment from the Rimac Group.
Why Porsche decided to exit Bugatti
Porsche’s decision does not happen in isolation. The company faces pressure to sell non-essential assets and concentrate resources on its core business.
This move occurs in a more difficult context for the automaker. Porsche recorded a 10% drop in global sales in 2025, largely driven by the Chinese market. At the same time, tariffs in the United States and pressure on margins reinforced the need to simplify operations and seek more focus.
What changes for Bugatti from now on
The main change is the centralization of command. Bugatti will now operate under a structure where Rimac will have direct power over the brand’s future, with less corporate interference and more freedom to accelerate its strategy.
This can influence not only management but also the pace of development of upcoming products. The new configuration tends to bring more unity to Bugatti’s industrial project at a phase that demands quick decisions and a clear identity.
Tourbillon becomes the symbol of the brand’s new phase
The Tourbillon occupies a central position in this transition. It was the first product jointly developed by Bugatti Rimac and debuted in 2024 as the model that opens a new stage for the brand.
The hypercar features an 8.3-liter hybrid V16 engine, an eight-speed dual-clutch transmission, all-wheel drive, and 1,775 hp. More than just a launch, it represents a changing of the era at Bugatti. The model officially retired the W16 and showed the technical path the company intends to follow from now on.
The end of the Volkswagen era has historical significance
The change of control has an impact because Bugatti’s modern phase was born under Volkswagen. In 2000, the German group officially acquired Bugatti Automobiles S.A.S. and opened space for a new cycle of extreme engineering.
It was during this period that names like Veyron, Chiron, Centodieci, and Bolide emerged. The separation, therefore, is not just corporate. It closes a chapter that defined the manufacturer’s contemporary identity and transfers that responsibility to another leadership.
Extreme engineering remains at the core of Bugatti
The brand’s recent history was built with extreme numbers. The Veyron 16.4 arrived with 1,001 metric hp. Then came the Veyron Super Sport with 1,184 hp, the Chiron with 1,479 hp, the Centodieci with 1,578 hp, and the Bolide with 1,825 hp.
The Tourbillon maintains this logic, but with a different technical basis. Instead of the quad-turbo W16, Bugatti adopts a naturally aspirated V16 supported by three electric motors. The change shows that the brand remains committed to high performance, but now under a different architecture and leadership.
What the entry of the US consortium represents
Porsche’s stake was not absorbed by another traditional automaker. The buyer was a consortium led by HOF Capital, with participation from BlueFive Capital and other investors from Europe and the United States.
Even with this entry, operational control will remain with the Rimac Group. The new structure combines Rimac’s industrial command and financial support from partners who join to sustain the brand’s growth.
The next steps until the deal’s conclusion
The transaction still needs to be formally concluded, and the forecast is that this will happen before the end of 2026. Until then, the financial terms will remain confidential.
Nevertheless, the direction of the movement is already clear. Porsche reduces its exposure outside its core business, and Rimac advances to become directly responsible for Bugatti’s next phase.
What this turning point could represent for the future of the French manufacturer
Bugatti leaves a historical structure and enters a more concentrated one, with more direct command and a greater focus on execution. This type of change usually redefines pace, priorities, and product identity.
In the case of the French brand, the transition is even more sensitive because it happens exactly at the moment when the company is changing its historical mechanical basis and trying to build the next generation of its hypercars. Therefore, Porsche’s exit and Rimac’s advancement are not just a corporate rearrangement. They are a real redefinition of the future.
In your view, does Bugatti become stronger under Rimac’s direct command, or does the definitive exit from Volkswagen’s orbit change the brand’s DNA too much?
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