Porsche Sells Stakes in Bugatti and Rimac for Around €1 Billion
Summary
Porsche has finalized the sale of its stakes in Bugatti and Rimac for approximately €1 billion amid rising market competition.
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German sports car maker Porsche has sold its equity stakes in Bugatti and Rimac. The total value of the divestment is estimated at around €1 billion.
The transaction was confirmed by the company's press office. The move comes as global automakers face intensifying competition, particularly from Chinese electric vehicle manufacturers.
The divestment allows Porsche to streamline its asset portfolio and allocate resources toward its core strategic business priorities.
Source: Егемен Қазақстан
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