Tagged: Stake

Porsche Takes 10 Percent Stake in Rimac

To bolster its EV strategy, Porsche is taking a 10 percent stake in Rimac, the Croatian technology and electric sports car company. “We feel that Rimac’s ideas and approaches are extremely promising, which is why...

Geely Purchases Majority Stake in Lotus

Chinese conglomerate Geely will purchase 51 percent of Lotus in a deal that promises to accelerate the growth of the U.K. sports-car maker. Geely is also buying a 49.9 percent stake in Proton, Lotus’ struggling parent...