https://www.carmagazine.co.uk/car-ne...w-group-rimac/
Coles notes: VW Group looking for ~49% stake in exchange for Bugatti. Porsche already owns 15.5%.
https://www.carmagazine.co.uk/car-ne...w-group-rimac/
Coles notes: VW Group looking for ~49% stake in exchange for Bugatti. Porsche already owns 15.5%.
I mean VW isn’t giving up much, pretty sure Bugatti hasn’t made money any time in the last 50 years.
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
The name itself is probably worth some pretty penny.This quote is hidden because you are ignoring this member. Show Quote
I suspect Bugatti makes more licensing that name to perfumes and handbags than they do from anything with wheels.
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Better question is, why would Rimac want this deal?
To hit 49%, and keep Koreans and Chinese in play (They own 28%), it will comes out of founders' share. Not a bad way to cash out before IPO I guess?
If Bugatti's market cap is $2B and that get them 34% of the company, that set Rimac at $6B valuation?
Last edited by Xtrema; 09-17-2020 at 12:01 PM.
This is a really convoluted deal that could end up cannibalizing itself.
A lot of Bugatti buyers are willing to buy into the brand with the understanding that the whole thing (warranty, long term parts supply, etc) is basically underwritten by VWAG; taking that away greatly diminishes the appeal of the Bugatti brand and puts them more in the same camp with Pagani or Koenigsegg...
But if Koenigsegg is now producing faster cars, the market will flow to them.This quote is hidden because you are ignoring this member. Show Quote
I think the dominant force for market share is whoever is making the fastest thing and not so much the brand backing from a major manufacturer.
I'm not quite in that market, so obviously this is conjecture!
Well, your conjecture is reasonable. But it's also completely wrongThis quote is hidden because you are ignoring this member. Show Quote
The market is not "flowing" to Koenigsegg to any degree and it has very little to do with breaking speed records. Sure, there are some with major f-you money that will buy whatever just for bragging rights, but most buyers in that market are astute enough to still consider TCO and liquidity, and a big part of that comes from a secure future of parts and support from the top, down... Very few people are willing to part with ~$4mm+ with an outfit that may or may not be around in a few years. Even if an independent company like Pagani or K-segg is financially stable, that's still a far cry from the safety net offered by being the halo brand of the largest manufacturer in the world.
Ha! You certainly might be right. I'd argue that folks spending $4MM on a car (sorry - on their tenth car) have zero fucks to give about liquidity or warranty and that the association with a car company that produces vehicles for peasants and clock-punching ilk actually harms the brand's exclusivity.This quote is hidden because you are ignoring this member. Show Quote
Can either of us prove the other wrong? No. I'd offer that "poor millionaires" have previously preferred Ferrari over Lamborghini because Lambo carries the stench of VW.
I think that people rich enough to buy such cars always think about the branding, not all of their friends cknow about the Koenigsegg but everyone knows Ferrari and Bugatti. At the end of the day you rarely have an opportunity to drive such cars on their limits and just take them for a ride one in a while to show off=)But if Koenigsegg is now producing faster cars, the market will flow to them.
and how about this post https://writemyessay4me.org/book-report?
I think the dominant force for market share is whoever is making the fastest thing and not so much the brand backing from a major manufacturer.
I'm not quite in that market, so obviously this is conjecture!
Last edited by samlarson; 10-11-2020 at 11:07 AM.
Man what’s with the people creating a half dozen alts these days.
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
You claim every new account is an alt. Even a broken clock is correct 2 in times a day though.This quote is hidden because you are ignoring this member. Show Quote
Now seems like the right amount of time to make them for the potential of an upcoming election, as unlikely as it is.
No one finds beyond.ca honestlyThis quote is hidden because you are ignoring this member. Show Quote
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
That's true, I can't remember how I stumbled upon it. It wasn't easy.
LoL! I think he did that to me when I joined, too! Maybe you're right.This quote is hidden because you are ignoring this member. Show Quote
I haven't heard that "broken clock" reference since the days of Ask Jeeves.
you haven't yet been cleared of all charges.This quote is hidden because you are ignoring this member. Show Quote
VWAG needed to get Bugatti off its balance sheet. This was a way of doing so while effectively keeping control. With Piech's death, there was little support left for Bugatti within VWAG.This quote is hidden because you are ignoring this member. Show Quote
Do you think they needed to, or wanted to?This quote is hidden because you are ignoring this member. Show Quote
I can't imagine Bugatti moved the needle substantially on VWAG's financials (although I haven't really looked). It seems the bigger problem with Bugatti is that it there doesn't seem to be a lot of sharing back and forth between Bugatti and the rest of the brands. This doesn't fit VWAG of efficiency in parts/platform sharing.
Yet another criticism of the new gen Golf-R... It should have received the W16 engine, but Bugatti wasn't sharing.This quote is hidden because you are ignoring this member. Show Quote