Without Ettore's direct involvement, the Bugatti company struggled to maintain its position as a leading manufacturer of luxury sports cars. As a result, Bugatti faced financial difficulties in the 1950s, leading to reduced production and sales.
In 1952, the company was sold to Hispano-Suiza, a Spanish-French engineering firm. But even under the new ownership, Bugatti continued to struggle financially and was unable to regain its former glory. In the following years, Bugatti ceased car production altogether and concentrated on other ventures, such as the production of aircraft components. For decades, the Bugatti brand lay dormant in the automotive industry.
It wasn't until the 1990s that the Volkswagen Group revived the Bugatti name. Under vietnam mobile phone number list Volkswagen's ownership, the modern Bugatti Veyron was developed, marking Bugatti's return as a high-performance hypercar manufacturer.
In 2005, Bugatti introduced the Veyron 16.4, a groundbreaking hypercar that became an instant automotive legend. Known for its extraordinary speed, with a record-breaking top speed of over 250 km/h (155 mph), the Veyron set new standards in performance and engineering. Following the success of the Veyron, Bugatti continued to push the boundaries with the Chiron, introduced in 2016. The Chiron further advanced the hypercar game with improved power, aerodynamics, and luxury features.
In July 2021, Volkswagen sold Bugatti to Rimac Cars and PorscheAG. Automobili and Porsche AG. Rimac Automobili owns 55% of the company, while Porsche AG owns the remaining 45%. The sale of Bugatti was a strategic decision by Volkswagen.