As with this year's American football season, weekly surprises in the car industry are now standard fare. VW recently overtook Ford
for the number three spot in global sales, and now the home of the Beetle
and the Veyron
has overtaken Toyota
as the industry's most valuable company based on dollar-converted market capitalization. Just as eyebrow raising is the reason for it: Toyota's stock has dropped 5% to its lowest point in four years due to the usual suspects, while VW's
stock has climbed a stratospheric 87% due to the fact that Porsche
is busy gobbling up the company. As far as we're concerned, that makes Porsche the real story: one of the industry's smallest players – it sold less than 100,000 cars around the world last year and still set a personal best – is about to be the world's third largest car maker and, for a while at least, its most valuable. What a difference
makes. Thanks for the tip, bazzz!