Porsche partners with Croatian startup to take over Bugatti By Li Fusheng | chinadaily.com.cn | Updated: 2021-07-07 10:37 The Bugatti Chiron and Rimac's all-electric Nevera. [Photo provided to chinadaily.com.cn] Volkswagen's premium brand Porsche and Croatian electric car startup have agreed to build a joint venture in late 2021 which will incorporate iconic French hypercar manufacturer Bugatti. Volkswagen will bring Bugatti, also its subsidiary, into the new partnership and its shares will be transferred to Porsche, said Porsche late on Monday. Rimac will hold a 55 percent stake in the joint venture, Bugatti Rimac, and Porsche will hold the rest. The joint venture's financial details were not given. Porsche holds a 24 percent stake in Rimac.