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Porsche and electric hypercar maker Rimac to set up JV incorporating Bugatti

Green Car Congress

The Volkswagen Group’s Porsche and Croatian hyper-EV developer Rimac have agreed to set up a joint venture that incorporates Bugatti—another Volkswagen Group brand that is moving to the control of Porsche. Rimac will hold a 55% share in the Bugatti-Rimac joint venture, while Porsche will have a 45% share.

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Porsche reports ~60% of new Panamera models delivered in Europe are with plug-in hybrid drive; ramping up for Mission E

Green Car Congress

Porsche reports that around 60% of all new Panamera models that have been delivered in Europe were equipped with a hybrid drive. In France, for example, the figure is 70%, in Austria it is more than 80% and in Belgium it is even more than 90%. Porsche is investing around €1 billion (US$1.2 Earlier post.) Earlier post.)

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Bugatti & Rimac partners to form new venture 

Electric Vehicles India

Mate Rimac will retain his original shareholding in Rimac Group at 37%, with Porsche at 24%, Hyundai Motor Group doing the same at 12% and other investors at 27%. Bugatti Rimac will represent the company that will develop the future of both Bugatti and Rimac vehicles.

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Navigant Research forecasts new EV global sales of > 346,000 units in 2014; 10 predictions for the year

Green Car Congress

Plug-in models that will be fighting for market share include the BMW i8 and i3, the Audi e-tron, the Cadillac ELR, the Mercedes B-Class Electric Drive, and the Porsche Panamera S E-Hybrid. IER, which runs Autolib, is expanding to Lyon and Bordeaux in France and will have its initial U.S. presence in Indianapolis. Earlier post.).

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