Gearhead News

March 8, 2021
Porsche lifts stake in Rimac to 24%

Porsche’s board on Monday agreed to increase the company’s stake in Rimac to 24%, up from the current 15%. The transaction will cost Porsche 70 million euros (approximately $83 million) and the increased stake won’t exercise a controlling influence. Porsche first invested in Rimac in 2018 and previously increased its stake in 2019. Other key… [#item_URL]