Falling share prices on the Tokyo stock exchange have enabled Volkswagen to overtake Toyota and become the world’s largest car manufacturer judged by the amount the company’s shares are worth.
The Japanese manufacturer’s shares fell to their lowest level in four years on the Tokyo Stock Exchange yesterday, down 4.9 percent.
Meanwhile Volkswagen’s share value has gone up 87 per cent this year, because of Porsche’s bid for a majority stake in the company. Hedge funds that had bet on...
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