Porsche completed the acquisition of an 8.5% stake in Rimac Automobili for $83m.

Porsche, a German automobile manufacturer, completed the acquisition of an 8.5% stake in Rimac Automobili, a car parts manufacturer, for $83m. "We’re proud to work together on new exciting and electrified products and of the fact that Porsche’s trust in Rimac resulted in several rounds of investment, making Porsche an important shareholder of the company," Mate Rimac, Rimac Automobili Founder and CEO.