Headlines Rimac to Acquire Bugatti from VAG

[SCOTT27]

The mighty are falling.

 

[empower77]

What are you talking about?

One of the mysteries of modern science. ‘What Goes on in Scott’s mind’?

 

[Cashmere]

No doubt about being legit, but man... Bugatti???

Yeah man, no more smelly gasoline emissions for you .

Bugatti is the prefect brand to trial electric powertrains with. They're already heavy cars, super expensive and sold in very limited numbers. Diess is doing what all the other German CEO's failed to do. If you don't know how to build compelling electric cars, buy the startups that do and integrate them into your manufacturing chain.

 

[Deleted member 1071]

Does Rimac have the financial capacity to support Bugatti? Are there any more details about the deal?

Good question.

I would assume "yes". Mate Rimac is heavily "networked" in the industry, not to mention highly respected. Although considered a fait accompli, the binding documentation has yet to be signed by the respective authoritized signatories (VAGs' chairman of the supervisory board, for example). When that step is taken, I suspect that many more details will be disclosed to the automotive press.

 

[Alain001]

Rimac is the next big fraud in automotive industry after Nikola Motor Company.

The story is even worse than Nikola, they started with the money which is stolen, and they are involved in Panama Papers money loundering. That is nothing new in Croatia, which is one of the most corrupted countries in the world.

You can read the truth about Rimac which is censored and which Croatian media is forbidden to publish if you search for - Rimac, pogled s druge strane

 

[A.P.]

R.I.P Bugatti, at least VAG keeps Lamborghini and the rest under it's umbrella. For now that is...

 

[Deleted member 1071]

Rimac is the next big fraud in automotive industry after Nikola Motor Company.

The story is even worse than Nikola, they started with the money which is stolen, and they are involved in Panama Papers money loundering. That is nothing new in Croatia, which is one of the most corrupted countries in the world.

You can read the truth about Rimac which is censored and which Croatian media is forbidden to publish if you search for - Rimac, pogled s druge strane

Hmmm...

I would think that shareholders of the caliber of VAG, Hyundai/KIA, JLR, Magna, Chinas' Camel (Batteries) Group will have done their homework before investing in the company.

 

[SCOTT27]

The Plot Thickens.

 

[dalab]

The Plot Thickens.

Your GCF account was hacked?

 

[SCOTT27]

Your GCF account was hacked?

Maybe. I have several Of those missed calls that instead of being from Comoros they show as Cobra Island...
Maybe an elaborate scam?

 

[LaArtist]

Smart move by vag

 

[Alain001]

Hmmm...

I would think that shareholders of the caliber of VAG, Hyundai/KIA, JLR, Magna, Chinas' Camel (Batteries) Group will company.

Experts from GM and Bosch, etc., have done their homework before investing in Nikola Motor Company.

Experts from GlaxoSmithKline, Pfizer, Walgreens, Safeway, then, The Walton Family, Larry Ellison, Carlos Slim, Rupert Murdoch, The Cox Family, Betsy DeVos, Don Lucas, Tim Draper, Betsy DeVos, have done their homework before investing in Theranos, even USFDA "bought the story". Juicero, WeWork, Enron, Madoff, Wirecard, WorldCom, etc., the list is countless...

BTW JLR and Magna did not invest anything, also, Porsche bought a stake from China Dynamics which left Rimac automobili.

For those of you which for some reason can't google translate croatian to english from - Rimac, pogled s druge strane:

https://www.hr385.com/cose/Rimac.pdf

Brief summary:

They started with the money which is stolen, and they are involved in Panama Papers money loundering. Few key players, Ivan Rimac, Franck Christian Kanayet Yepes and many Croatian politicians.

Mate is not a genius, inventor, or innovator, he is an entrepreneur, he bought parts (with stolen money) and paid other people to assemble them. Media is trying to portrait him like poor refugee from Bosnia and Herzegovina who fled from war:

Could Mate Rimac’s electric supercars overtake Tesla?

Mate Rimac: Building the Future with NextEngine

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Mate Rimac, out of the ashes, genius
1992. Croatia descends into chaos
Amid the violence of war
Out of the ashes of economic ruin
Mate Rimac adventure begins
2012. Mate Rimac not only survived, he built a car company

Reality:

"For me, money is no problem."

Possibility of an race EV?

Fast forward:

They are primarily software company. They also make battery packs (with battery cells from A123 Systems, and similar companies). BMS is from Analog Devices, electric motors were from AMRacing (all from AM Racing, not even a hint from R&D from Rimac there, inside was Remy core, Remy is now under BorgWarner)... Inverters from Cascadia Motion (Nikola uses the same), etc... They have some CNC machinery so they make nice casings for things that are bought, and they have two autoclaves for smaller carbon parts...

Concept One is modded Factory Five GTM Kit car, body is made by Board Guardian, they also made body for Applus-Idiada Volar-e, where they also took money from the EU...

Concept Two, some parts are from optimized - engineering, monocoque from Mubea Carbotech (they make monocoque for McLaren cars... Lights are from 3T-am, HMI is Toradex/Qt, wheels are HRE, brakes Brembo, etc... But Rimac moto is that they are making everything from first drawing on the paper by themselves, all in-house on the site R&D and production. Even on official Rimac webpage, you can find:

"With every aspect of the C_Two produced on-site at Rimac’s facility..."

"even the jigs and tooling for each individual piece are produced on-site"

On the other hand we have companies that actually produce powertrains and drivetrains, Koncar is one of them...

 

[Rolf]

Wow I didnt know Rimac was that wealthy to purchase Bugatti. Holy Shit!

 

[Deleted member 1071]

Experts from GM and Bosch, etc., have done their homework before investing in Nikola Motor Company.

Experts from GlaxoSmithKline, Pfizer, Walgreens, Safeway, then, The Walton Family, Larry Ellison, Carlos Slim, Rupert Murdoch, The Cox Family, Betsy DeVos, Don Lucas, Tim Draper, Betsy DeVos, have done their homework before investing in Theranos, even USFDA "bought the story". Juicero, WeWork, Enron, Madoff, Wirecard, WorldCom, etc., the list is countless...

BTW JLR and Magna did not invest anything, also, Porsche bought a stake from China Dynamics which left Rimac automobili.

For those of you which for some reason can't google translate croatian to english from - Rimac, pogled s druge strane:

https://www.hr385.com/cose/Rimac.pdf

Brief summary:

They started with the money which is stolen, and they are involved in Panama Papers money loundering. Few key players, Ivan Rimac, Franck Christian Kanayet Yepes and many Croatian politicians.

Mate is not a genius, inventor, or innovator, he is an entrepreneur, he bought parts (with stolen money) and paid other people to assemble them. Media is trying to portrait him like poor refugee from Bosnia and Herzegovina who fled from war:

Could Mate Rimac’s electric supercars overtake Tesla?

Mate Rimac: Building the Future with NextEngine

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

Mate Rimac, out of the ashes, genius
1992. Croatia descends into chaos
Amid the violence of war
Out of the ashes of economic ruin
Mate Rimac adventure begins
2012. Mate Rimac not only survived, he built a car company

Reality:

"For me, money is no problem."

Possibility of an race EV?

Fast forward:

They are primarily software company. They also make battery packs (with battery cells from A123 Systems, and similar companies). BMS is from Analog Devices, electric motors were from AMRacing (all from AM Racing, not even a hint from R&D from Rimac there, inside was Remy core, Remy is now under BorgWarner)... Inverters from Cascadia Motion (Nikola uses the same), etc... They have some CNC machinery so they make nice casings for things that are bought, and they have two autoclaves for smaller carbon parts...

Concept One is modded Factory Five GTM Kit car, body is made by Board Guardian, they also made body for Applus-Idiada Volar-e, where they also took money from the EU...

Concept Two, some parts are from optimized - engineering, monocoque from Mubea Carbotech (they make monocoque for McLaren cars... Lights are from 3T-am, HMI is Toradex/Qt, wheels are HRE, brakes Brembo, etc... But Rimac moto is that they are making everything from first drawing on the paper by themselves, all in-house on the site R&D and production. Even on official Rimac webpage, you can find:

"With every aspect of the C_Two produced on-site at Rimac’s facility..."

"even the jigs and tooling for each individual piece are produced on-site"

On the other hand we have companies that actually produce powertrains and drivetrains, Koncar is one of them...

Some very interesting and (I suspect) insightful elaborations. I recall having read quite recently (www.motorauthority.com, I believe) that JLR and Magna have made small investments in Rimac. It seems however that some sort of mix-up took place in which "collaborations" were misstated as being "investments". "Collaboration" can be a pliable term in which significance is closely tied to extent. Hence, my source (and myself) stand corrected. But whatever, the informative input is very much appreciated.

 

[KiwiRob]

VAG aren't selling Bugatti they are acquiring Rimac via a company swap. They will still partially own Bugatti through owning a 49% stake in Rimac, I bet it won't be long before that ownership stake is increased.

My thoughts on Bugatti is they made a huge mistake when they decided not to build the V8 coupe. From a lot of what I have read this car was production ready, it was cheaper and would have given them volume, now they are stuck making special editions of a special edition.

 

[Deleted member 1071]

VAG aren't selling Bugatti they are acquiring Rimac via a company swap. They will still partially own Bugatti through owning a 49% stake in Rimac, I bet it won't be long before that ownership stake is increased.

My thoughts on Bugatti is they made a huge mistake when they decided not to build the V8 coupe. From a lot of what I have read this car was production ready, it was cheaper and would have given them volume, now they are stuck making special editions of a special edition.

It would be nice to see something very similar to the V8 coupe, regardless of whether under the helm of Rimac or VAG-or both, in BEV form. In my opinion, this is by far the most eye-arresting automobile that Bugatti has presented while under the VAG umbrella.

 

[hoffmeister_fan]

VAG aren't selling Bugatti they are acquiring Rimac via a company swap. They will still partially own Bugatti through owning a 49% stake in Rimac, I bet it won't be long before that ownership stake is increased.

My thoughts on Bugatti is they made a huge mistake when they decided not to build the V8 coupe. From a lot of what I have read this car was production ready, it was cheaper and would have given them volume, now they are stuck making special editions of a special edition.

This was a much better modern interpretation of the Atlantic's aesthetics than LVN. If they do eventually make something like this, I hope they do have the good sense to not call it an Atlantic. There's too much mystique in that nameplate, IMO.

Regarding this RIMAC and Bugatti saga....I am still a bit slack-jawed. RIMAC has had some impressive success in its relatively short existence.

 

[J.E]

I think it's more likely VAG to buy Rimac then Rimac buying Bugatti.

 

[Deleted member 1071]

I think it's more likely VAG to buy Rimac then Rimac buying Bugatti.

I ask myself whether the late Ferdinand Piechs' "hobby" of collecting fabled brands in order to expand the VAG portfolio has now, marching into a new electric frontier, become an archaic business model. After all, the allure of highly elevated brands so significantly anchored in internal combustion drivetrains may very well fade into oblivion when BE drivetrains become the dominant mode of propelling automobiles. The names "Bentley", "Lamborghini", "Bugatti" may eventually be reduced to nothing more than smoke and mirrors in an age in which names such as Rimac, Rivian, Polestar, Automobili Pininfarina, Lucid, etc. are accumulating ever more street cred in a digitalized, electric world. What will be more financially viable for VAG: converting existing corporate exotica into BEVs' ? Or jettisoning it into the hands of bidders while the bidding remains relatively high ? Eventually, economies of scale, ensuing production cost reductions as well as the vast configural possibilities offered by BEV platforms can allow Porsche and Audi to develope and market a plethora of automobiles of the highest standard. And thus, in the mid-to-longer term, they could cover bases that Bentley, Lamborghini and Bugatti left vacant. Simply my thoughts.

 

[dalab]