VW Briefly Surpasses Exxon as World's Biggest Company

VW briefly became the world's largest company by market capitalization today when its stock shot up to over 1,000 euros in intra-day trading on the Frankfurt stock market.

Porsche likely to take control of VW
Porsche likely to take control of VW

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Comments (24)

 joelynn joelynn
VW deserves to be the most successful car company because it has a wide range of excellent products and at a wide range of prices... something few other firms can match.
October 28, 2008 12:20 pm
 Aesthetics Aesthetics
remember th einternet boom? VW stocks shot up faster than their cars sales could blink because of these sort of games but rather than the internet company, VW actually makes money
October 28, 2008 12:36 pm
 benxxl benxxl
LOL Are you realy so dumb to blieve the actual worth of VW has ANYTHING to do with its sucsess??? What is to blame for that is called short call option...
October 28, 2008 1:25 pm
 Joe_Limon Joe_Limon
again... how the fun does Porsche have anywhere near the money to buy 75% of vw?
October 28, 2008 12:25 pm
 Aesthetics Aesthetics
yeah, a company that is well over 100 billion worth
October 28, 2008 12:38 pm
 porsche08 porsche08
Porsche is the most succesful auto maker out there...
October 28, 2008 2:10 pm
 Joe_Limon Joe_Limon
yes... most successful automaker... judging by your name your opinion isn't biased at all... I would have thought Toyota was more successful, after all they are selling the most units.
October 28, 2008 2:49 pm
 porsche08 porsche08
success is based on profit, not how many cars you sell. toyota makes very little profit if any per unit.
October 29, 2008 12:30 pm
 thamzn thamzn
It's called a credit line...
October 28, 2008 12:40 pm
 Nurchus Nurchus
SPOT ON!! There is your answer Joe_Limon. However, if Porsche tanks between now and then, which is probably very unlikely, they will not be able to use their credit to purchase the majority of VW.
October 28, 2008 1:51 pm
 Joe_Limon Joe_Limon
Porsche annually makes only about 100,000 cars a year. It would take centuries to pay off that purchase. Yes after owning vw they would have a lot more profit, but to give a credit line that many times larger then the company is mind bogglingly stupid.
October 28, 2008 3:15 pm
 radmeister radmeister
If you knew anything about Porsche you would know that they branch out into so many different areas of industry with investments and capital all over the world, hell they had 1.9 billion $ a few years ago to buy their university the 9th most powerful computer in the world. They own multiple patents that make them a crap load of loot too. Also a lot of it is owned by the province which makes a lot of other goods, members of the board are some of the wealthiest families in perhaps the wealthiest country in europe. Don't underestimate Porsche, in these economic times a loan for a sum that big would be impossible to get on such short notice, it's hard cash. Just face it you're just jelous that little Porsche with its 100,000 cars/year can buy Ford/GM/Chrysler 2x over in a single transaction.
October 28, 2008 9:42 pm
 radmeister radmeister
Oh also if you compare their Net Profit margin on google finance you will see that they are at 57% in 2007, in comparison to GM which was -23.97%. They are by far one of the most profitable companies in the world based on ROI from the day they started till today. It is honestly a rock solid company.
October 28, 2008 9:52 pm
 Joe_Limon Joe_Limon
sorry I am not jealous of Porsche, I know they average about $28000 of profit for every vehicle they sell, I don't know about you, but that seems like a rip off and even more reason not to buy a car with dated looks for way more then what it costs to make.
October 29, 2008 1:03 pm
 radmeister radmeister
You find me a single porsche owner who thinks they got ripped off and i'll give u 5$. They are dated because really there is nothing wrong with the way they looked, hell id kill for a 1952 356. The thing is prosche had it right from the start, their formula for automotive success is perfect, design was simple, engine was simple, everything about the car was simple, and it worked as intended. Now 60 years later they have perfected that simplicity to provide the owner with something exclusive. A porsche is a porsche, sure a ferrari is faster and looks better, but it doesn't have the personality and clean cut perfection of a 911 or Carrera GT. And as i've said before, the dated looks are what makes me want one.
October 29, 2008 7:29 pm
 Sharpie Sharpie
Porsche does a lot more than make cars. No one here knows how much stock Porsche owns in other companies that are profitable and make them enough money to buy VW. Not to mention, maybe they are just a great company and have saved/managed the money they make...have you guys ever thought of that?
October 28, 2008 4:17 pm
 catchmyshadow catchmyshadow
spot on, many people don`t know that porsche makes a lot money on financial markets, not only through selling cars. in this case they ripped off a lot of hedge fonds and private equities. there are lots of clever people within this company.
October 28, 2008 8:03 pm
 catchmyshadow catchmyshadow
or in short: Porsche is a like rich bank that also produces sportscars.
October 28, 2008 8:08 pm
 BavarianMS BavarianMS
They would never be called a large bank or a rich company without their 911 turbo their is not a single doubt about that. : )
October 29, 2008 1:15 am
 wisp wisp
Wow, this sounds like England buying Europe. Anyway Rather have Porsche caling the shots than Audi. I've always admired Porsche and their history. porsche is one of the strongest brands in the world,as a matter of fact their racing heritage comes second to Ferrari in my opinion. Go for it Porsche - get hold of the company reins.
October 29, 2008 2:50 am
 benxxl benxxl
In fact the strongest/most valueable german car-producing brand is Mercedes. Its one of the top ten brands in the world.
October 29, 2008 5:18 am
 radmeister radmeister
Last year porsche won the most powerful and widely recognized Brand in the world. I think Coke had the title for the last 10 years if not more.
October 29, 2008 7:31 pm
 great_supercars255 great_supercars255
VW is the best company, but how did porsche find the money to own 75% of it???
October 29, 2008 10:22 am