2008 Bugatti Veyron 16.4 Base Coupe 2-door 8.0l on 2040-cars

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Bugatti and Rimac joint venture profitable 'beyond expectations'

WARWICK, England — The joint venture between Croatian electric carmaker Rimac and Bugatti has been far more profitable than anticipated as the two brands work on developing vehicles together under one roof, Rimac's top executive said on Wednesday. "It's highly profitable and cash flow positive beyond anybody's expectations," Rimac CEO Mate Rimac told Reuters in an interview at the UK offices of the carmaker's Rimac Technology unit in Warwick. "It's such a win-win situation for everybody." Rimac added the joint venture has brought "lots of synergies going both ways." The Rimac Group comprises the Bugatti-Rimac JV, producing the electric sportscar Nevera and the Bugatti Chiron — which is owned 45% by Porsche AG — and a technology unit which supplies battery systems and powertrain components to other carmakers. Earlier this year the group raised 500 million euros ($519 million) in a new funding round. Rimac's CEO said the company has developed a "really close strategic relationship" with Porsche, which was listed by its parent Volkswagen in October. Porsche holds a 20% stake in the Rimac group. "We are really collaborating on many levels, developing and producing lots of key elements of their (Porsche's) future hybridization and electrification," he said. Rimac's CEO said the group must become more like Ferrari with a predictable, stable and profitable business before it can contemplate an initial public offering. "They (Ferrari) make projections and they always achieve," he said. "What I want to have is some kind of stability and certainty before we do an IPO because we don't want to make promises we can't keep." An IPO could happen anytime from three years to a decade from now, and could involve going public as a group or spinning off a unit, he said, but is definitely coming because "we obviously have financial investors that at some point want to exit." Related video: Earnings/Financials Green Bugatti Porsche Electric Luxury Performance Supercars Rimac

Bugatti's third Legend edition Veyron pays tribute to Meo Costantini

Bugatti is in the midst of a six-part special series of Veyrons that pay tribute to legendary figures from its history. The first, unveiled at Pebble Beach, paid tribute to Jean-Pierre Wimille. The second arrived in Frankfurt to recall Jean Bugatti. Given the patent application we came across, we expected the next would honor Ettore's brother Rembrandt Bugatti, who designed the prancing elephant hood ornament. But that one will apparently have to wait, because Molsheim has just revealed the third edition in its Les Légendes de Bugatti series in tribute to one Meo Costantini.
A close personal friend of Ettore himself, Meo Costantini raced Bugattis in the 1920s and went on to manage the factory racing team. He won the Targa Florio twice in a Bugatti Type 35, a model that went down in history as one of the most successful racing cars ever made, and won several grands prix.
Like the other Legend specials, the Costantini edition is based on the Vitesse roadster with its 1,200-horsepower, 8.0-liter, quad-turbo W16 engine; 2.6-second 0-62 time; and 253-mile-per-hour top speed. What sets this one apart is its trim. The carbon-fiber parts of the bodywork are painted in signature French Racing Blue, and the aluminum is left exposed, polished and clear-coated. The map of the Targa Florio route is painted on the underside of the rear wing and imprinted in between the seats, and Costantini's signature is etched into the fuel cap and embroidered into the headrests.

Bugatti by Venet is the world's fastest art

Some consider the Bugatti Veyron 16.4 Grand Sport to be a piece of rolling art, while others consider the real masterpiece to be the engineering feats to be what lies underneath. Impressively, French artist Bernar Venet has managed to combine these two notions in one dramatic special edition model: the Bugatti Veyron Grand Sport Venet.
Venet, whose works can be found everywhere from New Zealand to Versailles, confessed that he initially thought it unnecessary to alter what he already considered a work of art. The French painter and sculptor drew inspiration from Bugatti's engineering equations that led to the development of the Veyron. The numbers and functions were placed on the bodywork in such away that it appears they are being blown off the Grand Sport as it drives at speed. These equations are also stitched into the interior, and the finishing touches come in small replicas of Vanet's works on the oil cap, filler cap and the center console.
The Bugatti Grand Sport Venet will be on display at the Rubell Family collection during Art Basel Miami Beach, which runs through December 9. Check out the video below to see Venet discuss creating this high-speed work of art, surrounded by his own works.