Rimac and Porsche Acquire Bugatti To Form Hypercar Company Bugatti-Rimac

Italy has long been considered the hub of the high-class automotive world, but Croatia has just now entered the conversation. Rimac Automobili, based in Sveta Nedelja, Croatia, has just announced the acquisition of luxury carmaker Bugatti in a joint venture with Porsche. Rimac’s founder, Mate Rimac will continue to run the newly formed Bugatti-Rimac after acquiring the Bugatti brand from Volkswagen. Under this deal, which sees Rimac own a controlling 55 percent stake in Bugatti, the two brands will continue to produce cars independently. However, Rimac plans to consolidate the two companies with a $230 million-dollar Bugatti-Rimac Croatian HQ, which is slated to open in 2023.

Rimac Automobili has made a name for itself creating powerful electric sports cars like the Nevera. The combination of Bugatti’s legacy and engineering with Rimac’s innovation in the EV world will make for a near-unstoppable luxury auto partnership.

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Huckberry’s Essential Holiday Gift Guide

Unzip your coat and have some mulled wine on the house—you’ve arrived at your final gifting destination: The Holiday Gift Guide. It’s like your friendly neighborhood one-stop holiday shop, except instead of balsa wood ornaments, ours is packed with thoughtful gifts for everyone on your list. Future heirlooms, small-but-significant stocking stuffers, and gear for getting out there (or staying in)—are all right here. There’s no music playing in the background though, so you’ll just have to hum Bing Crosby while you click around instead.