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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.

Rimac is reportedly close to buying Bugatti from the Volkswagen Group

Croatia-based Rimac is finalizing a deal to purchase Bugatti from the Volkswagen Group, according to an unverified report. If the rumor is accurate, the sale would propel Rimac to the top of the automotive industry, guarantee that Bugatti's future is electric, and mark the beginning of Volkswagen's efforts to divest its empire. Executives in Wolfsburg gave the deal the green light in September 2020, according to anonymous sources who spoke to British magazine Car, but the company's supervisory board hasn't approved it yet. Selling the French company isn't as simple as sending company founder Mate Rimac an email with an account number. Insiders explained Volkswagen would likely trade Bugatti and all of its assets for a significant stake in Rimac that would be transferred directly to Porsche, which already owns 15.5% of the brand. Officials hope to increase that figure to about 49%, meaning Bugatti is theoretically worth about 33.5% of Rimac, which was founded in 2009. Bugatti told Autoblog it can't comment on speculation. Mate Rimac gave us a similar answer. Rumors of a Bugatti sale have hovered around the automotive industry for several years, and they've never materialized. In theory, spinning off the brand would be relatively easy because it's not as deeply integrated into the Volkswagen Group as its sister companies. It doesn't share its W16 engine with another carmaker, for example. And yet, Car speculates Lamborghini, SEAT, ItalDesign, Bentley, and Ducati will also be sold in the coming years, leaving Volkswagen with its namesake division, Skoda, Audi, Porsche, Scania, and MAN. Volkswagen is having an estate sale to fund the development of electric, autonomous, and digital technologies. Its downsizing will send ripples through the auto industry. Porsche could move upmarket if it doesn't have to worry about stepping on Lamborghini's toes, for example. Spinoffs are always risky, so some companies may not survive if they're not bolstered by economies of scale. As of writing, there's no word on who will pick up the brands being divested under this scenario. And, keep in mind none of this is official. Volkswagen hasn't commented on the report. We'll update this developing story as more information becomes available.

Bugatti teases something new on the horizon

Bugatti isn't keeping a secret that development on a follow-up to the Veyron is advancing, but the brand continues to be very cagey about what is coming. In a new teaser video, the company is at least giving us something to think about with a narrator asking viewers to "imagine the impossible." Sadly, the clip never shows an actual vehicle, but you can hear a growling engine at the end. While Bugatti isn't talking officially, rumors are heaping up about the future vehicle, reportedly called the Chiron. Spy shots show a design that so far is largely similar to the Veyron, but the 8.0-liter quad-turbo W16 reportedly is pushed to 1,500 horsepower and 1,106 pound-feet. The extra oomph comes thanks to the fitment of electric turbochargers to compliment the standard ones, and some reports even suggest a hybrid setup. During the unveiling of the final Veyron, company president Wolfgang Durheimer admitted, "Our challenge is to make the best even better." It's interesting to see Bugatti teasing something now because a previous report suggests a launch in 2016. Here's hoping, we get a glimpse sooner than that.