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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

Porsche 911 GT3 RS spec sheet leaked, promises 500 hp

Axis of Oversteer has three pages of what's purported to be the spec sheet for the Porsche 911 GT3 RS, and it's got a few bolded items noting key differences with the already spectacular 911 GT3. Prime among them is its output, pegged at exactly 500 horsepower and 339 pound-feet of torque, which looks at first blush to be a minor bump: just 25 hp and 14 lb-ft over the GT3, and the redline drops 200 rpm to 8,800 rpm. If the document is accurate, though, there will be a hefty dose of weight loss to make the most of it. The bodyshell and doors are aluminum, carbon fiber reinforced plastic is used for those vented front fenders (the vanes are plastic), the front trunklid, the rear engine cover, and the rear wing, while the roof is made of magnesium and the side windows are polycarbonate. The bucket seats, door entry guards, and other interior trim pieces are also fashioned from CFRP, and it gets lightweight door panels with pull-loops. Elsewhere around the coupe, the body grows wider by 50 millimeters in front and 30 mm in back over a track that's 36 mm wider. There's a pit-lane speed limiter for track days, tinted taillights, an optional Clubsport package with a six-point seatbelt, and GT3 RS logos everywhere. It's looking more and more like this car was developed to define the word "epic." Featured Gallery Porsche 911 GT3 RS spec sheet Related Gallery 2016 Porsche 911 GT3 RS News Source: Axis of Oversteer Geneva Motor Show Porsche Coupe Performance 2015 Geneva Motor Show porsche 911 gt3

Hamann Porsche Macan S Diesel promises more performance, questionable looks

Ignore the Gulf Oil livery for a minute (we know, it's hard). What we have under the blue-and-orange paint scheme is a diesel-powered Porsche Macan S, which is fascinating enough in and of itself. But this particular example has been upgraded by the folks at Hamann, for that added bit of oomph. Power output from the 3.0-liter V6 diesel is up from 258 horsepower to 300 hp. We buy diesels for torque, though, so it's the 494 pound-feet, up from 427 lb-ft, that really gets us excited about this modded Porsche. Taken together, the Hamann Macan S Diesel can hit 60 miles per hour in a decidedly un-diesel-like 5.7 seconds, down from 6.1 seconds. German tuners like Hamann are not known for their subtlety, of course, so beyond the power ugprades, the company has made its own aesthetic tweaks. The new body kit is, um, aggressive? Okay, it's really not very nice to look at. The Macan is a handsome vehicle on its own, but Hamann's efforts haven't done it any favors. It's extremely busy, particularly around the front and rear ends, where the tuning company's efforts seem focused. We're guessing some attention has been paid to the cabin, although it's impossible to tell on the Geneva show car, which has had all of its windows heavily tinted. Here's hoping any changes to Macan's cleanly styled cabin are kept to a minimum. Take a look at our full crop of live photos of the modded Macan, direct from the floors of the Geneva Motor Show. High-performance power, long-distance comfort, extravagance: the benchmark figures of the formidable Porsche Macan S Diesel are impressive. For all fans of the dynamic vehicle Hamann's tuning experts now sets the bar even higher. As is generally known, the model's name "Macan" was derived from the Indonesian word for tiger – and exactly this tiger Hamann frees from the ties of a series actor. The face of the Macan, which Hamann presents in the S Diesel version in Geneva, has self-confident traits. The tiger seems ready to jump – an effect achieved by the low line of the front apron and the lowering of the car. Hamann's aerodynamics attachment emphasises the sharp "teeth" of the Macan Turbo's standard front and sets distinctive accents. The car refiner's interpretation of the Macan S Diesel appears well-toned and is coherently continued in powerfully shaped wing extensions making the predator's body grow by twelve centimetres in width.