As electric aspirations fade, Porsche sells its stake in Bugatti

After 28 years under VW Group, Bugatti is going to a consortium anchored in Abu Dhabi — and Porsche is cashing out because the electric-hypercar thesis hasn't paid off. Lead with the retreat from EV luxury, not the deal mechanics. The structural story: European carmakers are quietly selling prestige assets to Gulf capital as the EV transition slows and Chinese competition tightens. Who owns the next century of car brands is shifting eastward.