Porsche Sells Stake in Bugatti Rimac to HOF Capital and BlueFive Capital
Porsche AG has sold its 45% stake in Bugatti Rimac and its 20.6% stake in Rimac Group to a consortium led by HOF Capital and BlueFive Capital. The move is part of Porsche's broader restructuring efforts amid declining profits due to U.S. tariffs and reduced demand in China. The sale marks Porsche's complete exit from the joint venture.
Topics: automotive industry company restructuring investment consortium stock market reaction