Wednesday, October 8, 2008

Volkswagen overtook Toyota as World's Most Valuable Car Maker

With the advent of the US automotive slump, Toyota had taken it's hardest hit in history in recent months, with sales dropping almost 30% vs prior year, Toyota, as a long standing World's Most Valuable Car Maker had a 5% dipped on its market capitalization value, whereas the ever charging ahead Volkswagen, with brands underneath that grew by double digits every year (Audi) and by quadruple digits (Lamborghini); adding on with Porsche's obvious intentions of busily gobbling up its shares, Volkswagen's shares had risen 87% this year alone, effectively replacing Toyota's $124.3 Billion market cap with $127.5 Billion market cap as the world's most valuable car maker.