Porsche announced on Sunday that it aims to take a 75% stakeholding of Volkswagen shares. Volkswagen stock were fueled once people heard the news and rose from 210.52 Euro on friday to 945 Euro on closure today, 28th. October.
This equals a rose than four fold rise over just two days. Speculators who had bet on a fall in the stock of VW has been hurt strongly.
As a result the DAX index of German stocks rose unexpectedly as much as 10 percent on Tuesday, but would actually be down due to recession fears.
Germany’s market watchdog BaFIN is now taking a close look at the trading but did not launch a formal investigation yet.
Those goals provided a power surge to the stock, which is now 39.7% up year-to-date. Read:Volkswagen Is Coming After Tesla. What It Means for Both Stocks. “Our e-offensive continues to gain Volkswagen Polo Price (GST Rates) in India starts at ₹ 6.21 Lakh. Check out Volkswagen Polo Colours, Review, Images and Polo Variants On Road Price at Carwale.com. Ford : A Buy Now? On a monthly chart, Ford is breaking above its long-term downtrend going back to 1999. Looking at the weekly chart, shares have made a big move off 2020 lows. Volkswagen considering buying majority stake BERLIN (Reuters) -Germany's confirmed on Thursday it is considering acquiring a majority stake in car rental company Europcar as it seeks to tap into the trend for consumers to rent Tags: volkswagen, considering, buying, majority, 1211 | Complete BYD Co. Ltd. news by MarketWatch. View real-time s and quotes for a full financial overview. Surge Guard 40300-10 Remote Power Monitor LCD Display W/50' Cable Out of Normally: $115.95 RV Surge Protection - Whether you recently had power issues, read about them in the forums or had discussions with The Bullseye Power Drop-in TDI BatMoWheel for your 2003.5-2006 TDI is a replacement compressor wheel for your turbocharger. Its unique design increases spool-up, throttle response and also increases power and efficiency.Features: Increased Performance