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According to unnamed sources, nothing has been decided yet, though it is possible that the sale to Rimac will receive the approval of Volkswagen by the end of the year, Manager Magazin reported.

Sveta Nedelja-based Rimac Automobili, founded in 2009, specializes in high-performance electric vehicle technology.

Shareholders in Rimac Automobili include: Porsche, part of the Volkswagen Group, which has a 15.5% stake; China’s Camel Group (14%); Hyundai Motor (11%); and Kia Motors Corporation (2.7%), Total-Croatia says.