Porsche has completed the sale of its interests in Bugatti Rimac and Rimac Group, collecting approximately €1 billion—or $1.2 billion—and ending its direct ownership relationship with both hypercar businesses.
The transaction closes another chapter in Volkswagen Group’s long and frequently expensive history with Bugatti. It also removes Porsche from one of the automotive industry’s most important electric-performance technology companies.
Porsche did not sell Bugatti outright, however. It sold minority ownership stakes. Rimac Group remains the controlling shareholder of Bugatti Rimac, supported by a new consortium of financial investors.
Apparently, focusing on the core sports-car business required selling part of the company responsible for building the 1,800-horsepower sports car.
Porsche’s Bugatti Rimac Sale at a Glance
| Transaction detail | Confirmed information |
|---|---|
| Porsche’s former Bugatti Rimac stake | 45% |
| Porsche’s former Rimac Group stake | 20.6% |
| Total proceeds | Approximately €1 billion/$1.2 billion |
| Buyer | Consortium led by HOF Capital |
| Bugatti Rimac controlling shareholder | Rimac Group |
| Original sale announcement | April 24, 2026 |
| Transaction completed | September 9, 2026 |
| Porsche pension contribution | €250 million |
| New cash-flow-margin forecast | 5.5–7.5% |
According to Reuters, Porsche completed the transaction after receiving the required regulatory approvals. The Wall Street Journal reports that the sale generated approximately €1 billion and will improve Porsche’s expected automotive cash flow for 2026.
What Did Porsche Actually Sell?
Porsche sold two separate investments:
- A 45% stake in Bugatti Rimac
- A 20.6% stake in Rimac Group
Those percentages matter because several headlines will inevitably reduce the transaction to “Porsche sold Bugatti.” That description is convenient, clickable and incomplete.
Bugatti Rimac was formed in 2021 as a joint venture between Porsche and Rimac Group. Rimac Group controlled 55% of the operation, while Porsche owned the remaining 45%.
The joint venture placed Bugatti Automobiles and Rimac Automobili beneath the same corporate structure while allowing the two manufacturers to retain separate brand identities and production operations.
Porsche also maintained a separate 20.6% investment in Rimac Group, whose businesses include electric powertrain, battery and control-system development.
The newly completed transaction removes Porsche from both ownership structures. The stakes were acquired by an investment consortium led by New York-based HOF Capital and supported by additional institutional investors, including Abu Dhabi-based BlueFive Capital.
Rimac Group remains the controlling shareholder of Bugatti Rimac.
In other words, Bugatti has not been tossed into the parking lot with a handwritten price taped to the windshield. Its minority ownership has changed.
Why Is Porsche Leaving Bugatti Rimac?
Porsche describes the sale as part of a broader effort to concentrate resources on its core automotive business.
That normally polished corporate phrase carries more weight than usual. Porsche has faced weaker demand in China, changing electric-vehicle expectations and financial pressure across its production-car business.
The company expects the sale proceeds to increase its 2026 automotive net-cash-flow margin from a previously forecast 3–5% to 5.5–7.5%. Porsche plans to place €250 million of the proceeds into its pension obligations.
The remaining money gives the automaker additional flexibility as it revises its product and powertrain plans.
For enthusiasts, this is where the deal becomes more relevant than a routine corporate transaction. Porsche is simultaneously investing in combustion engines, hybrids, electric vehicles and increasingly expensive performance derivatives. Developing all of them requires substantially more than an inspirational presentation and several photographs taken at the Nürburgring.
Porsche’s recent launches demonstrate that it has not abandoned specialized enthusiast cars. The new Porsche 911 Challenge turns GT3 hardware into a 508-hp customer race car, while the 2027 Porsche 911 Carrera S manual preserves a traditional gearbox for buyers who still prefer selecting gears without requesting software permission.
Selling non-core investments gives Porsche cash it can use elsewhere. Whether that produces more attainable sports cars, additional hybrid systems or another limited-edition 911 with historically significant stitching remains to be seen.
Does Porsche’s Exit Affect the Bugatti Tourbillon?
The ownership change does not automatically cancel or substantially alter the Bugatti Tourbillon.
The Tourbillon replaces the Chiron with a naturally aspirated 8.3-liter V16 developed with Cosworth, three electric motors and a combined output of approximately 1,800 PS. Its eight-speed dual-clutch transmission, high-voltage battery and electric front axle make it considerably more complicated than simply placing a large engine behind two expensive seats.
That powertrain represents the sort of partnership Bugatti Rimac was created to support: Bugatti supplies the history, exclusivity and combustion-engine theater, while Rimac contributes experience with high-voltage batteries, motors and control software.
Porsche’s departure changes the ownership and financing structure behind that work. It does not remove the engineering already completed or erase existing production plans.
The more important long-term question is what happens after the Tourbillon. Future Bugatti products will be developed without Porsche holding a direct ownership position, although outside suppliers and technology partnerships can continue independently of equity ownership.
What Happens to Rimac?
Rimac gains greater independence from Porsche while receiving backing from a new group of institutional investors.
Mate Rimac will continue playing a central role in the combined hypercar operation. Reuters reports that he will assume the title of president of Bugatti Automobiles as part of a management restructuring.
Rimac’s value extends beyond the Nevera electric hypercar. The company develops high-voltage batteries, motors, inverters and vehicle-control technology that can be supplied to other manufacturers.
That distinction matters. The Nevera attracts attention because it produces numbers large enough to require punctuation, but the less glamorous powertrain-development business may have greater industrial value.
Porsche’s sale means it will no longer benefit from Rimac’s growth as a shareholder. That does not necessarily prohibit Porsche and Rimac from working together as suppliers or technical partners in the future.
Ownership and engineering contracts are different things, despite the automotive industry’s continuing effort to place both beneath the word “synergy.”
The Deal Ends Volkswagen’s Direct Bugatti Era
Volkswagen acquired the rights to Bugatti in 1998 under Ferdinand Piëch. The modern company subsequently produced the Veyron and Chiron, two cars that redefined the speed, complexity and financial aggression possible in a road-going automobile.
Bugatti’s relationship with Rimac began a new phase in 2021. Control shifted to the Croatian company while Porsche retained a substantial minority stake.
Porsche’s completed exit now ends Volkswagen Group’s direct ownership influence over Bugatti after nearly three decades.
That is historically significant even if the immediate product consequences are limited. Volkswagen transformed Bugatti from a dormant name into the manufacturer responsible for some of the fastest and most technically ambitious road cars ever built.
The new arrangement places that legacy under Rimac’s control with financial backing from private investors rather than a major global automaker.
Private capital may give Bugatti Rimac greater freedom and faster decision-making. It may also expect financial returns from a company that sells extremely complicated cars in extremely small numbers.
Building 1,800-hp hypercars is expensive. Building them profitably is the advanced course.
Could the Sale Change Future Porsche Sports Cars?
Porsche has not announced any model cancellation or engineering change directly caused by the transaction.
The deal nevertheless reflects a broader shift in the company’s priorities. Porsche is attempting to concentrate money and management attention on its own product lineup at a time when the industry’s expected transition to fully electric vehicles has become less predictable.
That could mean continued investment across several powertrain categories:
- Naturally aspirated combustion engines for specialized models
- Turbocharged gasoline engines
- Performance hybrids
- Battery-electric vehicles
- Customer racing programs
- Software and electronic chassis systems
Porsche’s withdrawal from Rimac does not prove that it is retreating from electric performance. It shows that owning part of an outside technology company is no longer considered essential to its strategy.
Enthusiasts should resist the temptation to turn the sale into a simple gasoline-versus-electric referendum. Bugatti’s Tourbillon itself demonstrates why that interpretation fails: its V16 and electric motors are parts of the same 1,800-PS drivetrain.
The real story is capital allocation. Porsche believes approximately $1.2 billion is currently more useful inside Porsche than invested in Bugatti Rimac and Rimac Group.
That may be less emotionally satisfying than a new engine specification, but corporate balance sheets have an irritating habit of determining which engines reach production.
Who Owns Bugatti Rimac Now?
Rimac Group remains the controlling shareholder of Bugatti Rimac. The Porsche shares have passed to a consortium led by HOF Capital, with BlueFive Capital and other institutional investors participating.
The resulting structure keeps operational control with Rimac while replacing Porsche with financial investors.
Bugatti and Rimac are expected to continue operating as distinct brands:
- Bugatti concentrates on ultra-luxury combustion-hybrid hypercars.
- Rimac Automobili develops electric hypercars.
- Rimac’s technology operations develop electric powertrain components and systems for external manufacturers.
No current evidence shows that the brands will merge their identities, discontinue their existing cars or convert every future product to a single powertrain format.
What Porsche’s Exit Really Means
Porsche’s completed Bugatti Rimac sale is important because it settles several questions left open when the transaction was announced in April.
Regulators have approved it. The ownership interests have transferred. Porsche receives approximately €1 billion, and Rimac moves forward with a new group of investors.
The sale does not mean Bugatti is suddenly ownerless, the Tourbillon has been canceled or Porsche has abandoned performance technology. It means Porsche has exchanged minority stakes in two specialized companies for a substantial amount of cash and a narrower corporate focus.
For Bugatti and Rimac, the challenge is proving that private investment can support the next generation of technically ambitious hypercars without compromising their engineering independence.
For Porsche, the challenge is simpler to describe and considerably harder to complete: use the money to make its own business stronger.
Selling part of an 1,800-hp hypercar company certainly improves cash flow. Now Porsche must demonstrate what approximately $1.2 billion buys when the receipt says “core sports-car business.”
Frequently Asked Questions
Did Porsche sell Bugatti?
Porsche sold its 45% minority interest in Bugatti Rimac. Rimac Group remains the controlling shareholder, while Porsche’s former stake has transferred to an investor consortium led by HOF Capital.
How much did Porsche receive?
Porsche expects approximately €1 billion, equivalent to roughly $1.2 billion, from selling its Bugatti Rimac and Rimac Group interests.
Does Volkswagen still own Bugatti?
Following Porsche’s completed exit, Volkswagen Group no longer maintains a direct ownership interest in Bugatti through Porsche.
Who controls Bugatti Rimac?
Rimac Group remains the controlling shareholder of Bugatti Rimac. New financial investors now hold the ownership interest formerly held by Porsche.
Is the Bugatti Tourbillon canceled?
No cancellation has been announced. Porsche’s departure changes Bugatti Rimac’s ownership structure, not the confirmed Tourbillon program.
Does Porsche still own part of Rimac?
No. The completed transaction includes Porsche’s former 20.6% interest in Rimac Group as well as its 45% stake in Bugatti Rimac.
