Supercar maker Bugatti taken over by Croatian e-car company Rimac

Rimac Automobili said Germany’s Volkswagen Group, including the Porsche division — which owns a majority stake in Bugatti — plans to create a new joint venture called Bugatti-Rimac. Picture: Philipp Rupprecht, Rimac Automobili via AP

Croatian electric supercar maker Rimac is taking over French manufacturer Bugatti in a deal reported to be worth millions of euros.

Rimac Automobili said Germany’s Volkswagen Group, including the Porsche division — which owns a majority stake in Bugatti — plans to create a new joint venture called Bugatti-Rimac.