Cars and Drivers
VW: Largest Market Cap In The World (TM)(F)(GM)(XOM)
Published:
Last Updated:
In a sign that the car industry is alive and well, the market cap of VW passed Exxon (XOM) to move it into first place worldwide.
According to Bloomberg, the stock rose when "Porsche SE announced plans to raise its stake in the German carmaker to 75 percent, triggering demand from short-sellers."
Now VW can buy Toyota (TM) and have equity left over to pick up Ford (F) and GM (GM) to boot.
Douglas A. McIntyre
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
