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Volkswagen, Europe’s largest automaker, acquired a 25% stake in Porsche, which it owned earlier this year. will offer to the public explained. If you recall, company officials said
Volkswagen, Europe’s largest automaker, acquired a 25% stake in Porsche, which it owned earlier this year. will offer to the public explained. If you recall, company officials said in a statement issued in recent weeks that the sale He stated that he would start on September 29..
As expected, the sale started on September 29 and almost all of the shares held for sale were sold within days. This acquisition creates competition between Porsche and Volkswagen. radically changed.
Volkswagen, Europe’s largest carmaker, put 25% of its subsidiary Porsche up for sale last month, fully realizing Porsche’s business value. up to 85 billion euros ($80.99 billion) caused. Volkswagen, the former owner of Porsche, 78.5 billion eurosHe stayed inside.
After this huge appreciation, Porsche Europe’s largest car manufacturer It also managed to reach 4th place in the worldwide charts. However, it looks like Volkswagen, the former owner of Porsche, won’t be able to top its rival Porsche for the foreseeable future.
| Brand | Total Market Value | Share price |
|---|---|---|
| 1. Porsche | $80.99 billion | $88.91 |
| 2. Volkswagen | $76.91 billion | $129.73 |
| 3. Mercedes Benz | $56.44 billion | $52.76 |
| 4. BMW | $46.43 billion | $70.53 |
| 5. Stellantis | $39.45 billion | $12.28 |
| Brand | Total Market Value | Share price |
|---|---|---|
| 1. Tesla | $743.58 billion | $239.02 |
| 2. Toyota | $185.61 billion | $136.06 |
| 3. BYD | $93.61 billion | $35.43 |
| 4. Porsche | $80.99 billion | $88.91 |
| 5. Volkswagen | $76.91 billion | $129.73 |
| 6. Mercedes Benz | $56.44 billion | $52.76 |
| 7. General Motors | $50.49 billion | $34.64 |
| 8. Ford | $49.71 billion | $12.37 |
| 9. BMW | $46.43 billion | $70.53 |
| 10. Stellantis | $39.45 billion | $12.28 |
Market Values ​​and Share Prices Above Market capitalization companies taken from the website.
Source: Web Tekno
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.
