Porsche to decide soon on Bugatti future – CEO

WEISSACH, Germany (Reuters) – Volkswagen will soon decide on the future of its luxury brand Bugatti, Oliver Blume, Volkswagen management board member and CEO of Porsche AG, said on Monday.

Volkswagen in March said it was working on a strategic partnership with Croatian electric hypercar maker Rimac, which will likely result in a joint venture between Porsche and Rimac, with Porsche as a minority partner.

(Reporting by Ilona Wissenbach; Writing by Riham Alkousaa; Christoph Steitz)