Volkswagen, which recently sold 25% of Porsche’s shares, is no longer the largest automobile manufacturer in Europe. So who is the new giant of Europe?
Volkswagen, Europe’s largest automaker, acquired a 25% stake in Porsche, which it owned earlier this year. will offer to the public had explained. If you remember, company officials said in a statement they made in the past weeks that the sales He stated that he would start on September 29..
As expected, sales began on September 29 and almost all of the shares reserved for sale were sold within days. This acquisition pits competition between Porsche and Volkswagen. radically changed.
German giant Volkswagen is no longer Europe’s largest
After last month, Volkswagen, Europe’s largest automotive manufacturer, put 25% of its subsidiary Porsche for sale, after which Porsche’s company value was fully realized. to 85 billion euros (80.99 billion dollars) caused. Volkswagen, the former owner of Porsche, 78.5 billion eurosHe stayed in.
After this huge valuation, Porsche, Europe’s largest car manufacturer It also managed to rank 4th in the global charts. However, it seems that Volkswagen, the former owner of Porsche, will not be able to surpass its rival Porsche in the near future.
Europe’s most valuable automotive companies
| Brand | Total Market Value | Share Price |
|---|---|---|
| 1. Porsche | $80.99 billion | $88.91 |
| 2. Volkswagen | $76.91 billion | $129.73 |
| 3. Mercedez-Benz | $56.44 billion | $52.76 |
| 4. BMW | 46.43 billion dollars | $70.53 |
| 5. Stellantis | $39.45 billion | $12.28 |
The world’s most valuable automotive companies
| 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. Mercedez-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 dollars | $70.53 |
| 10. Stellantis | $39.45 billion | $12.28 |
Market values and share prices above Companies Market Cap taken from the website.
Source :
https://www.autoblog.com/2022/10/06/porsche-europe-most-valuable-auttomaker/