2008 Bugatti Veyron on 2040-cars

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Man rolls $400,000 vintage Bugatti in race, goes for a pint

One of the risks associated with vintage car racing is damaging a rare, priceless piece of automotive history, but we're pretty sure that one recent participant is just happy to be alive. Edmund Burgess, of Lavenham, UK, was participating in the Prescott Speed Hill Climb in Gloucestershire, UK when, according to Car Buzz, the brakes reportedly failed on his 1924 Bugatti Type 13 causing it to go off course and roll over.
With an open cockpit on the car, all that was protecting Burgess were a helmet, goggles and a jacket, and while the video shows that his head came very close to making contact with the wall and ground, and that he was briefly trapped under the car, he fortunately didn't suffer any serious injuries.
Too bad the same can't be said for the Bugatti. The vintage racer, worth an estimated 250,000 British pounds (about $390,000 US), was heavily damaged, but the report says that Burgess is determined to get it fixed and racing again in just eight weeks. So what does a racer do after crashing his rare sports car and live to race another day? Probably the same thing we'd all do. Grab a beer. The video of the crash is posted below.

Floyd 'Money' Mayweather has purchased 100 cars from one dealer

If you bought 100 Nissan Versa sedans and didn't pay a cent over MSRP and got the dealer to forgo destination and handling charges, you'd rack up a bill for $1,199,000. Floyd Mayweather has bought 100 cars from Towbin Motorcars in Las Vegas, and not a single one of them was a Nissan Versa; in fact, one of the Bugatti Veyrons he bought probably cost more than that bill for 100 Versas. And he bought three. Towbin Motors, which was featured in the show King of Cars that ran for two seasons on A&E, tells USA Today what it's like catering to a guy who might want to car shop at 2:00 AM and who brings duffel bags of cash to pay for his sprees. Some doors never close for folks who have made more than $400 million, as the video above explains. News Source: USA TodayImage Credit: Eric Jamison/Getty Images Celebrities Bugatti Coupe Luxury Performance Supercars Videos Sedan

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