The joint venture between Croatian electric carmaker Rimac and Bugatti has been far more profitable than anticipated as the two brands work on developing vehicles together under one roof, Rimac's top executive said on Wednesday. "It's highly profitable and cash flow positive beyond anybody's expectations," Rimac CEO Mate Rimac told Reuters in an interview at the UK offices of the carmaker's Rimac Technology unit in Warwick. Rimac added the joint venture has brought "lots of synergies going both ways."
By Scott Kanowsky
(Bloomberg) -- Most Read from BloombergUkraine Latest: Biden Says Missile Likely Not Fired From RussiaTrump Makes His 2024 Run Official, Defies Calls to Move OnPoland Says Russian-Made Missile Hit Territory and Killed Two PeopleBiden Says Unlikely Rocket That Hit Poland Was Fired From RussiaMusk Steps Up Purge of Twitter Engineers Who Criticize HimLamborghini is getting the Hollywood treatment.The Lionsgate biopic Lamborghini: The Man Behind The Legend opens in theaters Friday, offering audience