Weird Ass Tuesday: VW Passes Exxon As World's Largest Company

Volkswagen's massive stock price surge has briefly let Europe's top automaker to stake the claim as the world's largest company by market capitalization, passing oil giant Exxon Mobil.

Volkswagen continued to climb Tuesday as short sellers rushed to cover positions after Porsche Automobil Holding announced over the weekend that it would seek a 75% stake.

Porsche has options to buy 31.5% of VW while raising its direct equity stake to 42.6%.

2008 SEMA Auto Show Photo Gallery





Read Article

LexSucks - 10/28/2008 10:27:14 AM

-4 Boost

I thought that Toyota was the largest car company?

Agent009 - 10/28/2008 10:35:13 AM

+2 Boost

That is indeed crazy.

ThierryHenry14 - 10/28/2008 3:50:19 PM

+3 Boost

Toyota/GM are the largest by vehicles delivered. VW is the largest in terms of market capitalization, which basically means the value of the company in the eyes of the market.

veyron1001 - 10/28/2008 11:11:59 AM

+1 Boost

I wonder if VW plans on buying out or some of a gas company?

Agent009 - 10/28/2008 12:02:09 PM

0 Boost

Well it is primarily a fluctuation in the market place... NOT any VW is doing to make the stock soar.

993Turbo - 10/28/2008 11:28:39 AM

+4 Boost

I can hear the Democrats yelping already. "Big Auto passes Big Oil"! Somebody do something!

S4cabriofoxone - 10/28/2008 12:35:35 PM

+7 Boost

Wow. Go Porschewagen.

1dott8 - 10/28/2008 1:24:17 PM

+5 Boost

to amazin,

i guess a lot of people like to drive a fwd pos. lol

Go VW!!!

AudiNewEngland - 10/28/2008 2:16:16 PM

+4 Boost

He's too busy crying to respond yet. We'll wait till he dries up those tears.

Wazz - 10/28/2008 2:43:14 PM

+2 Boost

World's largest company? Thought that would have been Coca-Cola?

Agent009 - 10/28/2008 3:22:07 PM

+2 Boost

You can rank companies by:

Net Worth
Sales
Profit

This just means VW is the most Valuable Company in the World for the time being, it really has nothing to do with sales.

Wazz - 10/29/2008 1:59:29 PM

+1 Boost

But most profitable doesn't necessarily mean largest, I would think largest means how big its customer base is/how many countries it operates in, not how much money it rakes in.
Fortune 500 ranks Wal-mart stores as the 'biggest'.
http://money.cnn.com/magazines/fortune/global500/2008/full_list/

VISO - 10/28/2008 3:32:09 PM

-1 Boost

Agent009 you sound jealous...poor BMW. Maybe Audi will buy them.

S4cabriofoxone - 10/28/2008 6:19:10 PM

+2 Boost

009 is an Audi fan.

KeyserSoze - 10/28/2008 6:24:31 PM

+1 Boost

proposed development rustenburg

Porschinator - 10/28/2008 7:09:43 PM

+1 Boost

Reason there are two articles on this?!?

S4cabriofoxone - 10/28/2008 11:58:38 PM

+2 Boost

Because one is specific and one isn't. This one is not specific--it just says VW passes Exxon, which is news in itself. The other discusses stock prices.

Not to mention, it's not uncommon to see multiples. The fact that these two came from different sources is a good thing.