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Volkswagen to Spend €16B on Job Cuts, Factory Closures in Historic Restructuring
Valor Econômico·DE·3 days ago
Porsche has officially divested its stake in Bugatti, transferring full control to Rimac and ending Volkswagen Group's nearly 30-year involvement. The move consolidates Rimac's ownership of the hypercar marque, though financial terms were not disclosed. This marks a strategic shift in the luxury automotive segment, with implications for brand positioning and EV technology integration.
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