Autoblog http://www.autoblog.com Autoblog http://www.blogsmithmedia.com/www.autoblog.com/media/feedlogo.gif Autoblog http://www.autoblog.com en-us Copyright 2009 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Volkswagen temporarily becomes largest company in the world ]]>http://www.autoblog.com/2008/10/28/volkswagen-temporarily-becomes-largest-company-in-the-world/http://www.autoblog.com/2008/10/28/volkswagen-temporarily-becomes-largest-company-in-the-world/http://www.autoblog.com/2008/10/28/volkswagen-temporarily-becomes-largest-company-in-the-world/#commentsFiled under: , , ,



The NFL season is clearly out of control, Audi just crossed the country in a bunch of diesels you can't buy here, and GM wants to "merge" with Chrysler. But it's not just America that's home to the madness: Ferrari might leave F1, Mitsuoka is selling this thing for €70,000, and today, for a brief moment, Volkswagen was the most valuable company in the entire world based on market capitalization. The reason: Porsche announced it would up its stake in the company to 75-percent. That blasted VW's €210 euro-per-share price up to €1,000 per share, making it more valuable than ExxonMobil and giving Ferdinand Piech reason to start practicing some lines from Scarface. The shares ended the day at €643, which is still pretty good for paper that could be had for less than €200 just about a month ago... Thanks for the tip, Kris!

[Source: Seeking Alpha]

Volkswagen temporarily becomes largest company in the world originally appeared on Autoblog on Tue, 28 Oct 2008 18:58:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>daxearningsfinancialsmarket capmarket capitalizationMarketCapMarketCapitalizationmarketsstock marketStockMarketvw market capitalizationVwMarketCapitalizationTue, 28 Oct 2008 18:58:00 EST<![CDATA[The most valuable carmaker in the world is... ta-da, Volkswagen]]>http://www.autoblog.com/2008/10/07/the-most-valuable-carmaker-in-the-world-is-ta-da-volkswagen/http://www.autoblog.com/2008/10/07/the-most-valuable-carmaker-in-the-world-is-ta-da-volkswagen/http://www.autoblog.com/2008/10/07/the-most-valuable-carmaker-in-the-world-is-ta-da-volkswagen/#commentsFiled under: , , ,

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 a day a Cayenne makes. Thanks for the tip, bazzz!

[Source: Bloomberg]

The most valuable carmaker in the world is... ta-da, Volkswagen originally appeared on Autoblog on Tue, 07 Oct 2008 15:59:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>market capmarket capitalizationmarket newsMarketCapMarketCapitalizationMarketNewsstock marketStockMarkettoyota market capitalizationToyotaMarketCapitalizationvolkswagenvwvw market capitalizationVwMarketCapitalizationTue, 07 Oct 2008 15:59:00 EST