- Oct 7, 2008
The most valuable carmaker in the world is... ta-da, Volkswagen
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 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 differenceAs with this year's American football season, weekly surprises in the car industry are now standard fare.
a day a Cayenne makes. Thanks for the tip, bazzz!