VW: Largest Market Cap In The World (TM)(F)(GM)(XOM)

[24/7 Wall St.]

24/7 Wall St. Daily News

http://www.247wallst.com/images/2008/10/28/batmobile512.jpg</img> (http://247wallstreet.typepad.com/.shared/image.html?/photos/uncategorized/2008/10/28/batmobile512.jpg)In a sign that the car industry is alive and well, the market cap of VW passed Exxon (XOM) to move it into first place worldwide.
According to (http://www.bloomberg.com/apps/news?pid=20601087&sid=ahQ8kYJVCpWQ&refer=home) Bloomberg, the stock rose when "Porsche SE announced plans to raise its stake in the German carmaker to 75 percent, triggering demand from short-sellers."
Now VW can buy Toyota (TM) and have equity left over to pick up Ford (F) and GM (GM) to boot.
Douglas A. McIntyre
http://feeds.feedburner.com/~f/typepad/RyNm?i=lTpOM</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=lTpOM) http://feeds.feedburner.com/~f/typepad/RyNm?i=TrCqM</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=TrCqM) http://feeds.feedburner.com/~f/typepad/RyNm?i=Yvhjm</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=Yvhjm)


complete story here... (http://www.247wallst.com/2008/10/vw-largest-mark.html)