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Bugatti is a French manufacturer owned by VW since way before 2005.
It has nothing to do with the Italian manufacturer (apart from the name), which discontinued production in 1963.
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The original company was never Italian. The founder was Italian, but the company was incorporated in German Alsace, which then became French Alsace after the Great War. There was a brief attempt at a revival in Italy in the late 80s, early 90s, but it didn’t really go anywhere. Today’s company is French and is mostly controlled by the Croat Rimac (and partially by Porsche, which owns VW, which owns Porsche)
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