--- title: "Bugatti’s Post-VW Era Begins as Porsche Sells Its Stake: TDS" date: "2026-04-24" modified: "2026-04-24" authors: - name: "Adam Ismail" job_title: "Senior Editor" link: "https://www.thedrive.com/authors/adam-ismail" url: "https://www.thedrive.com/news/bugattis-post-vw-era-begins-as-porsche-sells-its-stake-tds" categories: - "News" - "The Downshift" tags: - "bugatti" --- # Bugatti’s Post-VW Era Begins as Porsche Sells Its Stake: TDS ![The original Bugatti Veyron 18.4 concept that inspired the production car that put Bugatti back on the map.]() *The original Bugatti Veyron 18/4 concept that inspired the production car that put Bugatti back on the map. \Bugatti\* Good morning and welcome to *[The Downshift]()*, or *TDS* for short. Tight, light, and right as they say in the biz, *TDS* combs the internet for the latest automotive news from around the globe and gathers it in one spot. Stories are summarized in a sentence or two accompanied by a link for those seeking more information. Happy Friday, let’s hit the road. 🚗 What I'm driving: The Corvette E-Ray may not technically be long for this world as it transforms into the even more powerful Grand Sport next year, but I have one now and, trust me, this thing doesn't *need* more power. ⌚ The Volkswagen chapter of Bugatti's history has officially come to a close. Porsche has sold its 45% stake in Bugatti Rimac and 20% in the Rimac Group to a consortium led by New York-based venture capital firm HOF Capital, Porsche and Rimac announced in [a joint press release]() Friday. That leaves Bugatti's product future effectively in Mate Rimac's hands, and Porsche to "focus" on its "core business," in the words of CEO Michael Leiters. 4️⃣ Stellantis CEO Antonio Filosa will reportedly focus investment on four of the conglomerate's 14 brands—Jeep, Ram, Peugeot, and Fiat—*[Reuters]()* has reported citing individuals familiar. 💵 2026 Kia EV6 pricing is in, and it's up to $5,450 cheaper than last year's model, starting at $39,445 including destination, according to *[Car and Driver]()*. 🛒 Carvana has bought its seventh Chrysler/Dodge/Jeep/Ram dealership since beginning its brick-and-mortar car sales campaign early last year, *[Automotive News]()* reports. 🪦 Audi is discontinuing the A1 and Q2 as it leaves the domain of smaller, cheaper models, per *[Autocar]()*. Neither was ever sold here, but the A1 had been on sale since 2010, and even spawned the rare, awesome [A1 Quattro](). ⚡ Hyundai unveiled another new EV just for China at the Beijing Auto Show, called the Ioniq V as *[Electrek]()* reports. Its design is best described as Prius crossed with a Cybertruck, and I know that sounds horrendous, but it's actually pretty slick-looking. ☀️ Also in Beijing, BYD's Fang Chang Bao subsidiary debuted an electric two-seat convertible called the Formula X that is planned for production next year, per *[CarNewsChina]()*. 🏎️ [Formula 1 has announced]() a five-year deal with Turkish Grand Prix organizers to bring the sport back to Istanbul Park starting next year. 🏁 Weekend Races to Watch: - WRC Rally Islas Canarias: Thursday, April 23 to Sunday, April 26 on Rally.TV - NASCAR O'Reilly Auto Parts Series at Talladega: Saturday, April 25 at 4 p.m. Eastern on CW - MotoGP Spanish Grand Prix: Sunday, April 26 at 8 a.m. Eastern on FS1 - NASCAR Cup Series at Talladega: Sunday, April 26 at 3 p.m. Eastern on FOX *Got a tip? Let us know at tips@thedrive.com* ## Author Adam is a Senior Editor at The Drive, concentrating on curating and developing the site's slate of daily journalism, from initial pitch to final copy edit. When he's not at his desk researching leads and working with writers, he's testing vehicles or reviewing racing games, new and old. He joined The Drive in 2023, following seven years of covering consumer technology and cars. A car lover and gamer since his earliest memories, Adam came to know the automotive world through video games. First it was Daytona USA, Sega Rally, and Ridge Racer; then came Need For Speed, which inspired an encyclopedic knowledge of '90s supercars, and, of course, Gran Turismo. If not for them, he'd assuredly be doing something else right now. Adam is based in the suburbs outside Philly, where there are ample roads for his hot hatch to stretch its legs. In his car, he's probably listening to indie rock, drum and bass, or Yankees baseball. ### Author social links [Bluesky]() [Instagram]() [LinkedIn]()