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As electric aspirations fade, Porsche sells its stake in Bugatti
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As electric aspirations fade, Porsche sells its stake in Bugatti

Ars Technica·Jonathan M. Gitlin·about 1 month ago
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But the world looks quite different in 2026. Electrification might still be on for the masses in China and Europe, but the people who buy cars with price tags that look more like telephone numbers don’t want all-electric hypercars . The good times aren’t rolling Then there’s the parlous state of VW Group itself. Porsche is not having the best time of things after betting too heavily on EVs, which looks even worse in the vital US market thanks to Trump’s tariffs. Sales were down 15 percent in Q1 2026, the company reported earlier this month. At the VW Group level, CEO Oliver Blume (formerly Porsche’s CEO before his promotion) told Manager Magazin earlier this week that overall capacity across VW Group brands would be cut by a million of cars a year and that tens of thousands of job losses were forecast over the next few years. So Porsche is selling its stake in Bugatti Rimac, as well as its stake in Rimac Group, to a consortium of investors led by HOF Capital.…

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