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Porsche is pulling a U-turn on one of its more recent high-profile investments.
The German sports car maker announced that it has reached an agreement to sell its stake in Bugatti Rimac to an international consortium. The move is believed to be part of an effort by the marque to cut costs during a time of financial uncertainty.
Porsche announced early Friday that it had reached an agreement with a group led by New York-based venture capital firm HOF Capital,…
