Rimac Founder Says He Is in Talks With Porsche on Bugatti Buyout

The founder of Croatian sports-car maker Rimac Group says he is in talks to buy out Porsche AG’s stake in their joint venture Bugatti Rimac and is working toward a deal by next year.

“It’s no secret that we are in discussions,” said Mate Rimac, giving his most detailed comments yet on the potential transaction.

“I just want to be able to make long-term decisions, to make long-term investments and to do things in a different way, without having to explain to 50 people,” he said in an interview in Singapore.

The 37-year-old entrepreneur is the single biggest ...