This is rather unexpected, with the world economy crisis looming, and all automakers having difficult times when banks are holding back on lease or loans, Volkswagen and Porsche seems to be doing some sort of "Buck the trend PR stunt". With Porsche announcing they'll soon take 75% of Volkswagen, VW shares which close 210 Euros on Friday rose up momentarily to 1000 Euros, surpassing Exxon Mobil as the world's most valuable company for a brief moment, and in the end closing at 643 Euros for the day, which is also a 300% hike in one day. Crazy - yeah that's the word.
Wednesday, October 29, 2008
Volkswagen is "for a while" the world's most valuable company
This is rather unexpected, with the world economy crisis looming, and all automakers having difficult times when banks are holding back on lease or loans, Volkswagen and Porsche seems to be doing some sort of "Buck the trend PR stunt". With Porsche announcing they'll soon take 75% of Volkswagen, VW shares which close 210 Euros on Friday rose up momentarily to 1000 Euros, surpassing Exxon Mobil as the world's most valuable company for a brief moment, and in the end closing at 643 Euros for the day, which is also a 300% hike in one day. Crazy - yeah that's the word.
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