Volkswagen beats Exxon to be most valuable firm


Posted: Wednesday, Oct 29, 2008 at 0256 hrs IST
Updated: Wednesday, Oct 29, 2008 at 0256 hrs IST


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Oct 28 : no votes, according to analysts.

The common shares, which outnumber the preferred equity almost three to one, are the only gainers this year on either the DAX or the nine-member Bloomberg Europe Autos Index. In contrast, Volkswagen's preferred stock has dropped 62%, including a 14% decline on Monday, to 37.89 euros. “Volkswagen has been one of the greatest shorts of hedge funds, and its been an absolute, absolute disaster,” Emmanuel Roman, co-CEO, GLG Partners Inc, said at a conference in London on October 23. “It’s been very painful.” GLG didn't participate in short-selling trading of the carmaker's common shares, he said. Bloomberg

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