Bugatti and Rimac have announced the formation of a new 'Bugatti Rimac' joint company.

The firm is jointly held by the Rimac Group, which holds 55% of the shares of the new firm, and Porsche, which will hold the remaining 45%. Mate Rimac, founder and CEO of Rimac Automobili, is now CEO of Bugatti Rimac, headquartered in Sveta Nedelja.

Stephan Winkelmann, President of Bugatti since 1 January 2018, will focus now exclusively on his work as Chairman and CEO of Automobili Lamborghini, from 1 November 2021. Meanwhile, Christophe Piochon, previously Managing Director of Production and Logistics at Bugatti, will become Bugatti's new President.

The firm states that all its Bugatti models will continue to be made by hand at the Molsheim Atelier, securing the jobs located there for the long term. The Bugatti Rimac joint company will start with 435 employees, of whom 300 will work in Zagreb, Croatia, and 135 in Molsheim, France.  In addition, there will be 180 employees from the Wolfsburg development site.

Bugatti and Rimac will continue to act as independent brands and retain their production sites in Zagreb and Molsheim, as well as their respective sales channels. As independent brands, they will continue growing with separate and extraordinary vehicles.