GlobalNews411

Comprehensive reporting, aggregated for speed.

allentown

Porsche exits Bugatti Rimac

Porsche announced Friday it sold its stakes in sports car maker Bugatti Rimac to a consortium led by a US fund founded by the Egyptian billionaire Sawiris family.

Published Apr 24, 2026, 7:38 AM EDT | WFMZZ

German carmaker Porsche announced Friday that it has sold its stakes in sports car manufacturer Bugatti Rimac. The buyer is a consortium led by a US fund founded by the Egyptian billionaire Sawiris family.