News Summary

• Porsche will sell all of its 45 percent stake in Bugatti Rimac to a consortium led by a US fund founded by the Egyptian billionaire Sawiris family.
• The amount of the transaction, which still has to be approved by regulators, has not been disclosed.
• The announcement comes after the German luxury car brand warned it would face a difficult year under pressure from competitors and US tariffs imposed by President Donald Trump.
• Last month, Porsche chief Michael Leiters said the company was facing “tricky times” after sales fell below expectations.