
According to Reuters, Porsche AG has become the most valuable car company in Europe by market capitalization. The Germans placed their shares on the Frankfurt stock exchange at the end of September and already at the beginning of October the prices rose significantly.
As a result, the total value of the company reached 85 billion euros. For comparison: Volkswagen is valued at 77.7 billion euros, Mercedes-Benz at 57.2 billion euros and BMW at 47.5 billion euros. Interestingly, it took Porsche just a week to catch up with its parent company, Volkswagen. Currently, only giants like Linde, SAP, Deutsche Telekom and Siemens have more capitalization.
The success of the Germans is not accidental. The people of Stuttgart have been through crises on more than one occasion and can adapt to them. Thus, it was Porsche that introduced the fashion for luxury premium crossovers by releasing the Cayenne, and later the stylish Panamera hatch appeared, which was also warmly received by the public. Now the automaker is actively working on electric vehicles. Apparently investors like that.
As a result, the total value of the company reached 85 billion euros. For comparison: Volkswagen is valued at 77.7 billion euros, Mercedes-Benz at 57.2 billion euros and BMW at 47.5 billion euros. Interestingly, it took Porsche just a week to catch up with its parent company, Volkswagen. Currently, only giants like Linde, SAP, Deutsche Telekom and Siemens have more capitalization.
The success of the Germans is not accidental. The people of Stuttgart have been through crises on more than one occasion and can adapt to them. Thus, it was Porsche that introduced the fashion for luxury premium crossovers by releasing the Cayenne, and later the stylish Panamera hatch appeared, which was also warmly received by the public. Now the automaker is actively working on electric vehicles. Apparently investors like that.
Source: Avto Vzglyad
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.