Bugatti is known for it's HyperCar performance with 16 cylinder engine. In 1998, it was revived under former chairman Ferdunand Piech after the brand had largely faded from existence in the 1950s. Under the hood of VW, the first model that Bugatti made was 16-cylinder Veyron, which is a beast of it's kind creating a record of 350KM/h top speed. Being the fastest car with good innovation and greatest R&D, the sales of Bugatti were very lame and just sold 82 vehicles last year making it one of the biggest money losers in auto industry. Keeping this in mind the German car maker, Volkswagen AG is considering a sale of it's Bugatti division to the electric age RIMAC Automobili.
Bugatti has recently pursued efforts to potentially survive outside the German auto group and head off the risk of being phased out once again. Since the 2015 diesel cheating scandal, VW has been taking a closer look at it's portfolio with a particular focus on the expensive luxury car brands amid the growing burden of investing in electric mobility and self-driving technology.
VW's Porsche unit could boost it's 15.5% stake in Rimac Automobili to as much as 49%, said the person, who was identified as not to mentioned as their is no final decision made yet to approve the deal by VW's supervisory. CAR Magazine reported on the talks between VW and the croatin producer of battery powered supercars earlier this week. Bugatti boss Stephan Winkelmann described a hard fight with it's parent to secure funds for an electric four seater that would flank it's $3million Chiron supercar. Bloomberg also reported last year that VW was weighing options for the Lamborghini unit.