Volkswagen is negotiating with Croatian businessman Mate Rimac to sell the Bugatti brand, reports Reuters.
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The board of the car company will discuss the sale this year, Mediafax informs.
Volkswagen’s revenue fell by 23% in the first six months of the year to € 96 billion, and the company prefers to focus on electrifying mass brands.
Volkswagen’s portfolio includes brands VW, Audi, Porsche, Skoda, Lamborghini, Seat, Bentley and Bugatti.
Rimac is a manufacturer of electric sports cars and is 51% owned by Mate Rimac, and the remaining 49% is shared by Porsche and the Hyundai / Kia group.