FRANKFURT: German automaker Volkswagen is in talks to sell its supercar brand Bugatti to Croatian entrepreneur Mate Rimac, reported Reuters via quoting monthly business magazine of Germany, Manager Magazin.
The magazine said the sale to Mate Rimac will be discussed by Volkswagen’s committees this year.Bugatti, Mate Rimac and Volkswagen have declined to comment on the news.
Rimac has developed an electric supercar platform, which he supplies to other carmakers, including Automobili Pininfarina. Volkswagen unit Porsche owns a stake in Rimac.
The coronavirus pandemic has given Volkswagen an immense blow. Following a 23 percent drop in sales, the company reported a pre-tax loss of 1.4 billion euros for the first six months of this year, compared with a profit of 9.6 billion euros in the corresponding period of last year.