Morningstar

Porsche to Sell Its Stakes in Bugatti Joint Venture and Rimac

Provided by Dow Jones Apr 24, 2026, 8:53:00 AM

By Dominic Chopping

Porsche agreed to sell its stakes in hypercar joint venture Bugatti Rimac and electric-vehicle maker Rimac Group, moving to focus on its core business as it continues to work through a turnaround program.

Porsche and Rimac Group established the Bugatti Rimac joint venture in 2021 to house the Bugatti brand, with Porsche holding a 45% share and Rimac Group owning the remaining 55%.

Porsche also holds a 20.6% stake in Rimac Group.

The deal announced Friday will see Porsche sell both of those stakes to a consortium led by U.S.-based investment firm HOF Capital.

"With the sale of our stake, we demonstrate that we will focus Porsche on the core business," Michael Leiters, chief executive of the German luxury sports-car maker, said.

Financial terms weren't disclosed.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

April 24, 2026 04:53 ET (08:53 GMT)

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