Volkswagen Group no longer owns Bugatti directly, having transferred control of the brand to the newly formed Bugatti Rimac joint venture. Under this corporate restructure, the Croatian electric hypercar maker Rimac holds a majority stake while Porsche acts as a strategic partner. Volkswagen originally revived the Bugatti brand in 1998 and managed its production for over two decades. Today the company operates under this new partnership to combine French luxury with electric vehicle technology.