Bankruptcy and takeover of Volkswagen
Posted: Thu Jan 23, 2025 4:11 am
The Ettore Bugatti Era (1909–1947) : Ettore Bugatti, an Italian-born French automobile designer and manufacturer, founded Bugatti in 1909. He established the Bugatti marque in Molsheim, Alsace, then part of the German Empire. Bugatti vehicles were known for their exceptional craftsmanship, innovative engineering, and impressive performance. The company gained a reputation for producing high-quality luxury automobiles, racing cars, and aircraft engines;
Post-Ettore period : After Ettore Bugatti died in 1947, his son Roland took over the company. usa real mobile phone number list However, financial challenges and changing market dynamics led to a decline in the brand's prominence. The company underwent several changes in ownership, leading to the loss of its former glory;
Ownership of Romano Artioli (1980s and 1990s) : In the late 1980s, Italian entrepreneur Romano Artioli acquired the Bugatti marque and founded Bugatti Automobili SpA. Artioli had a vision to revitalize the marque and create a new generation of Bugatti supercars. Under his ownership, the company developed and introduced the Bugatti EB1980, a mid-engined supercar with advanced technology and performance features;
(1990s) : Despite the introduction of the EB110, financial challenges persisted, leading to Bugatti Automobili SpA filing for bankruptcy in 1995. Later, in 1998, the Volkswagen Group, a German automotive conglomerate, acquired the Bugatti brand. The acquisition was part of Volkswagen's strategy to expand its portfolio and include high-performance luxury brands. Under Volkswagen's ownership, Bugatti underwent a significant transformation. The brand was repositioned as a manufacturer of hyper-luxury, high-performance vehicles that pushed the boundaries of engineering and speed. One of the most notable achievements during this period was the introduction of the Bugatti Veyron in 2005. The Veyron became famous for its unmatched speed, innovative technology, and extraordinary design.
Post-Ettore period : After Ettore Bugatti died in 1947, his son Roland took over the company. usa real mobile phone number list However, financial challenges and changing market dynamics led to a decline in the brand's prominence. The company underwent several changes in ownership, leading to the loss of its former glory;
Ownership of Romano Artioli (1980s and 1990s) : In the late 1980s, Italian entrepreneur Romano Artioli acquired the Bugatti marque and founded Bugatti Automobili SpA. Artioli had a vision to revitalize the marque and create a new generation of Bugatti supercars. Under his ownership, the company developed and introduced the Bugatti EB1980, a mid-engined supercar with advanced technology and performance features;
(1990s) : Despite the introduction of the EB110, financial challenges persisted, leading to Bugatti Automobili SpA filing for bankruptcy in 1995. Later, in 1998, the Volkswagen Group, a German automotive conglomerate, acquired the Bugatti brand. The acquisition was part of Volkswagen's strategy to expand its portfolio and include high-performance luxury brands. Under Volkswagen's ownership, Bugatti underwent a significant transformation. The brand was repositioned as a manufacturer of hyper-luxury, high-performance vehicles that pushed the boundaries of engineering and speed. One of the most notable achievements during this period was the introduction of the Bugatti Veyron in 2005. The Veyron became famous for its unmatched speed, innovative technology, and extraordinary design.