Let $G$ be a complex algebraic group. Let $G^\circ\subseteq G$ be the connected component of $G$ which contains the neutral element $1\in G$. Then, it can be shown that $G^\circ\trianglelefteq G$ is a normal subgroup and the left (or right) cosets of $G^\circ$ are the connected (and irreducible) components of $G$. In particular, $G/G^\circ$ is a finite group.
I am wondering whether there exists a subgroup $Q\subseteq G$ with $Q\simeq G/G^\circ$ and $G=G^\circ Q$. This is not true for groups in general, but the counterexamples I know are no counterexamples for this particular case.
Here's a counterexample with $G^\circ$ a 1-torus $G_m$: consider the cyclic group $C_4$ of order 4 with generator $u$. Let it act on $G_m$ by $u\cdot x=x^{-1}$; let $z$ denote the unique element of order 2 in $G_m$. Mod out the semidirect product $G_m\rtimes C_4$ by the central element of order two $u^{-1}z$. The resulting group $G$ has $G/G^\circ$ of order 2, but $G\smallsetminus G^\circ$ consists of elements of order 4 and thus the extension is not split: indeed, for $x\in G_m$ we have $(ux)^2=uxux=u^2(u^{-1}xu)x=u^2=z$ which has order exactly 2.