🚗 Automotive
12h ago
Porsche-Rimac split is a blow for European automotive innovation
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Porsche's investment in Rimac started in 2018 but it has now completely severed ties in the loss-making firm
Porsche’s 2018 investment in Rimac was a wonderfully positive moment for the European automotive industry.
As a shift to electric power looked inevitable, the German firm was impressed enough by the Croatian EV start-up to take a 10% stake, rising to more than 20% in subsequent investments.
When the two joined forces to take over Bugatti in 2021, it heightened the optimism that as the w
Porsche’s 2018 investment in Rimac was a wonderfully positive moment for the European automotive industry.
As a shift to electric power looked inevitable, the German firm was impressed enough by the Croatian EV start-up to take a 10% stake, rising to more than 20% in subsequent investments.
When the two joined forces to take over Bugatti in 2021, it heightened the optimism that as the w
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