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Rimac inks deal to purchase 55% of Bugatti from VW Group

ZAGREB, Croatia — Croatian electric supercar builder Rimac is taking over the iconic French manufacturer Bugatti in a deal that is reported to be worth millions of euros. Rimac said GermanyÂ’s Volkswagen Group, including the Porsche division — which owns a majority stake in Bugatti — plans to create a new joint venture. The new company will be called Bugatti-Rimac. Rimac Automobili announced Monday that it will be combining forces with Bugatti to “create a new automotive and technological powerhouse.” Rimac has progressed in 10 years from a one-man garage startup to a successful company that produces electric supercars. Mate Rimac, who founded the company in 2009, says the venture is an “exciting moment” and calls the combination of the companies “a perfect match for each other.” Porsche will own 45% of Bugatti-Rimac while Rimac Automobili will hold the remaining 55% stake, according to Croatian media reports. Financial details of the deal were not published. Bugattis will continue to be assembled in eastern France, where the company was established in 1909. The vehicles will use engines developed and made in Croatia. “In an industry evolving at ever-increasing speed, flexibility, innovation and sustainability remain at the very core of RimacÂ’s operations," the company said. “Uniting RimacÂ’s technical expertise and lean operations with BugattiÂ’s 110-year heritage of design and engineering prowess represents a fusion of leading automotive minds." Earnings/Financials Green Bugatti Automakers Porsche Volkswagen Green Automakers Electric Supercars

Porsche LMP1 to use 4-cyl hybrid powertrain [w/poll]

With the Formula One season - and indeed his entire F1 career - now behind him, Mark Webber took advantage of his early release from Red Bull Racing to try out the new LMP1 which Porsche is developing, undertaking the final test session of 2013 before Porsche throws it head first into the FIA World Endurance Championship next April. The session - which followed previous tests at Magny-Cours, Monza, Paul Ricard and the Eurospeedway at Lausitz - was held at the Algarve circuit in Portimão, Portgual, in collaboration with Michelin, which is developing the tires for the car. But that's hardly the news here.
No, the news is the first confirmation we've seen on the type of powertrain Porsche has developed for its new Le Mans prototype: a gasoline-burning four-cylinder engine with direct injection and two energy recovery systems. This contrasts sharply with the V6 turbodiesel and single electric motor used by Audi in the R18 e-tron Quattro (or at least the outgoing version) or the naturally-aspirated V8 and single electric motor found in the Toyota TS030. Flexibility in the rules set down by the FIA and ACO give the manufacturers that kind of latitude, prompting F1 teams like Ferrari and Renault to consider developing their new engines for Le Mans prototypes as well.
At this point Porsche isn't saying how large its four-cylinder engine is or how much power it will produce. But it'll be interesting, to say the least, to see how it fares against the Audi and Toyota in next year's championship and at Le Mans when it'll be piloted by Webber, former Lola LMP1 driver Neel Jani and Audi's own 2011 Le Mans-winning pair of Romain Dumas and Timo Bernhard.

Driving the Panamera and Mike's Rant | Autoblog Podcast #487

This week we cover some recent news like the upcoming Land Rover Discovery, updates to FCA's large car platform (including the Challenger), and talk about water injection. Then we go into what we've been driving - David just finished his time in the Porsche Panamera Turbo and Mike tried the GMC Acadia. And then Mike (who is still uncomfortable writing in the third person) goes on a rant about why automakers shouldn't specify which cars are aimed at women. The rundown is below. Remember, if you have a car-related question you'd like us to answer or you want questionable buying advice, send a message or a voice memo to podcast at autoblog dot com. Autoblog Podcast #487 The video meant to be presented here is no longer available. Sorry for the inconvenience. Topics and stories we mention Land Rover is bringing a new Discovery to the Paris Motor Show An AWD Challenger is coming, which means more Hellcat The Jeep Wrangler finally gets modern headlights Water Injection from the BMW M4 GTS is coming to the mass market 2017 GMC Acadia 2017 Porsche Panamera Turbo A rant about sexism in marketing Another take on the $6000 fun car Rundown Intro - 00:00 The news - 00:50 What we've been driving - 11:30 Rant - 30:49 Listener's fun car - 35:56 Total Duration: 42:22 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Feedback Email – Podcast at Autoblog dot com Review the show in iTunes