Volkswagen does not currently own Bugatti, because the German automotive conglomerate transferred ownership of the brand to Bugatti Rimac. This new corporate entity is a joint venture between Rimac Automobili and Porsche, which is a subsidiary of the Volkswagen Group. While Volkswagen still maintains an indirect minority stake through Porsche, the company is now majority controlled by Rimac. This partnership guides the future development of elite hypercars.