Volkswagen was on Tuesday vying for the title of the worldâs largest company by market capitalisation, growing by another â¬130bn on the back of panic-buying by hedge funds desperate to cover their losses.
Shares in Europeâs largest carmaker soared as high as â¬1,005, having closed at about â¬210 on Friday. That gave it a market capitalisation higher than that of ExxonMobil, the US oil company that closed on Monday with a value of $343bn.
**************************
at 1005 EUR, 291 million * 1005 = 292 billion
* 1.25 = 365 billion USD
