Volkswagen Shares Surged 200% Today

Posted: Oct 27 2008, 2:00pm CDT | by , Updated: Aug 11 2010, 11:16am CDT, in News | Cars & Vehicles


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German carmaker Volkswagen dazzled the German stock market today as its shares rose an unbelievable 200% today. Sadly the reason is not that VW developed a plug-in hybrid car with 5min charging time. The carmaker is in the same economic and energy crisis as are all others. The reason for the mad surge of the VW stock is Porsche and its continued aim to take over VW.

Shares of VW are so scarce these days that this triggered a surge in what buyers have to pay for a Volkswagen share.
If this would not have been going on the German DAX would have been in the deep red like most stock exchanges around the world.
Via NTV (German).

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
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