Porsche is selling its ownership stakes in both the Bugatti-Rimac joint venture and the broader Rimac group following a significant decline in profits. The German automaker currently holds a 20.6 percent stake in the Rimac Group, as well as a 45% stake in a joint venture formed in 2021. The sale will be made to a consortium led by U.S.-based HOF Capital, which includes Abu Dhabi-based BlueFive Capital and a group of institutional investors across the U.,S. and EU. The decision comes as Porsche reports more than $5 billion less in profits in 2025 than the previous year, which has left the company scrambling to address.