Bugatti Veyron 16.4 2008 on 2040-cars

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Trial of man whose Bugatti Veyron went in the drink mysteriously delayed [w/video]

The mysterious case of the drowned Bugatti Veyron has taken another turn toward the strange.
Before we get too far ahead of ourselves, let's bring you up to speed: Andy House, who owns an exotic car repair shop called Performance Auto Sales, crashed his Veyron into a lagoon in Texas after allegedly being distracted by a low-flying pelican... or something. Naturally, House turned a claim into his insurance company for the totaled supercar to the tune of $2.2 million, which is likely more than the car is actually worth.
Shortly thereafter, video surfaced of the crash, with nary a distraction in sight. The next makes-you-go-hmm moment occured when reports surfaced of a new Veyron, along with a pair of Lamborghini coupes and a Porsche 911 GT3, landing in House's garage. The estimated cost of these supercars, according to Jalopnik, is $2.2 million. All of this made Philadelphia Indemnity Insurance Company's insurance fraud lawsuit in 2011 - two years after the incident - come as little surprise.

UPDATE: Porsche could raise its stake in Rimac, and Rimac weighs in

CLARIFICATION: An earlier version of this Reuters story said Porsche could raise its stake in Rimac to nearly 50%, but Rimac reached out to Autoblog to say that's not so. Here is a statement from Mate Rimac: "We have a very strong partnership with Porsche that is key for Rimac Automobili. Porsche is a shareholder in Rimac since 2018 with 15.5% ownership currently, accumulated over several rounds of investment. While it is true that we are discussing further expansion of this collaboration that will lead to increase of Porsche's stake in Rimac Automobili, some media have mistakenly reported that Porsche would take over 50% or nearly 50% of the company.   We are very happy that the partnership with Porsche will strengthen even further, but it is in the interest of both Rimac and Porsche that Rimac is a fully independent company. We are working with many car companies that are not our shareholders and there is a clear separation between shareholding and projects. It is very important to us that our industry customers have the peace of mind that Rimac is independent and that there is an "Information Firewall" between projects and shareholders (not only Porsche, but also Hyundai and others) - and this will not change. Confidentiality is very valued in the industry and one of the basics for collaboration between companies. Our shareholders are happy with such an arrangement and expect the same level of professional behaviour and confidentiality for their projects and customer projects.   So, the point is: Porsche's stake will increase but nowhere near to 50% and Rimac will remain independent with many industry customers that are not our shareholders/investors." The original story, with the 50% reference removed, appears below.   FRANKFURT — Volkswagen unit Porsche is participating in a financing round of Rimac Automobili that will see the electric supercar maker raise 130 million-150 million euros ($157 million-$181 million), its owner Mate Rimac told weekly Automobilwoche. The fundraising should be completed in two to three months and another round is planned at the end of the year, Rimac told the trade journal. Porsche owns a 15.5% stake in Rimac Automobili and could raise its stake in a deal that would also include the transfer of Volkswagen's supercar brand Bugatti to Rimac, Automobilwoche said. Volkswagen and Rimac were not immediately available for comment on Sunday.

Bugatti Galibier to be "faster than anything on the market"

Before Wolfgang Dürheimer moves to Audi, he's still got a few jobs to finish as head of Bentley and Bugatti, one of them being to oversee the development of the 16C Galibier. It was back in 2009 that the two-tone concept had audiences agog, and rumors and leaks since then have had everyone wondering if the four-seat fastback will ever become reality. To hit 'rewind' on the rumormill, the Galibier was initially greenlit in early 2011 and tipped to go into production this year, a timeframe that was later revised to next year. The model was earmarked to have less than 1,000 horsepower and optional hybrid power, and at the same time, the design was meant to be finalized, but it was instead reportedly scrapped for not being outrageous enough. The Galibier then went back to the design bureau and the horsepower was subsequently announced as surpassing the four-digit mark.
Production is now planned for somewhere around 2015, and according to Dürheimer's chat with Car and Driver, the Galibier on the way will be original and blindingly fast. The executive would only commit to the "over 1,000 hp" line, but C/D believes the ouput will be around 1,400 non-hybridized ponies. Whatever the final number is, it is said to get the Galibier beyond 235 mph and, Durheimer said, be "faster than anything on the market" - and that includes wares from the aftermarket sector. Dürheimer also says the Galibier will have technologies that are automotive firsts.
What remains to be decided is the candy coating that will envelop all that sweetness, since "the final design still is in flux." We'd heard before that the hatchback's entire rear end is being redesigned, but it appears that if nothing else, the eight tailpipes will remain.