Porsche is selling its stake in Bugatti, a luxury car brand with roots dating back to 1909, to a consortium of investors. This marks a pivotal moment for Bugatti, which was revived by the Volkswagen Group in 1998 after being defunct since 1963. The brand gained fame with the introduction of the Bugatti Veyron, a mid-engined supercar boasting 1,000 metric horsepower. In 2021, Volkswagen Group formed a joint venture with Rimac Group, focusing on high-performance electric powertrains, which led to Porsche holding a 45% stake in Bugatti Rimac. This divestment indicates a broader trend in the automotive industry as it transitions towards electrification, leaving behind traditional internal combustion engines.