Porsche to Divest Bugatti Rimac Stakes to HOF Consortium
Porsche has announced its intention to sell its stakes in the luxury hypercar manufacturer Bugatti Rimac to the HOF consortium.
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Porsche has announced its intention to sell its stakes in the luxury hypercar manufacturer Bugatti Rimac to the HOF consortium.

The ninth edition of Formula Student Alpe Adria will take place from August 18 to 23 at the Bugatti Rimac polygon in Mičevec, Croatia, bringing together 80 teams and their vehicles for a showcase of engineering and technology.
Porsche is selling its shares in Bugatti Rimac and completely withdrawing from its investment in the Croatian Rimac Group, a decision reflecting increasing financial pressure and a shift in approach to costly automotive projects.

Porsche has sold its stake in Bugatti Rimac, a deal reportedly valued at over a billion euros. This transaction results in Rimac Group taking full control of the luxury sports car manufacturer.