Volkswagen Overtakes Exxon as World's Most Valuable Company

Discussion in 'Stocks' started by Bjoern, Oct 28, 2008.

  1. Bjoern


  2. m22au


    Volkswagen was on Tuesday vying for the title of the world’s largest company by market capitalisation, growing by another €130bn on the back of panic-buying by hedge funds desperate to cover their losses.

    Shares in Europe’s largest carmaker soared as high as €1,005, having closed at about €210 on Friday. That gave it a market capitalisation higher than that of ExxonMobil, the US oil company that closed on Monday with a value of $343bn.


    at 1005 EUR, 291 million * 1005 = 292 billion

    * 1.25 = 365 billion USD