Vhat Da People Vant: VW Beats Toyota in Stock Value

I tell you, it has been tough to blog lately. Firstly, I'm still on 'vacation' and secondly what free time I do have is spent looking at the financial markets. In any case, here's an interesting tidbit from Bloomberg: Toyota has had the biggest intraday drop in seven years and has lost its spot as the number one automaker in the world by value to Volkswagen AG. This could be a very temporary situation, but as of October 7 at 10:15 AM (GMT +9) on the Toyko Stock Exchange, Toyota was worth $124.7 billion and Volkswagen rang in at $135.5 billion (its value as of October 6).

By most accounts Toyota is well equipped to weather any storm, but it is interesting to note that even fairly well positioned companies are not immune. Volkswagen has seen its shares rise because of Porsche's bid for a majority stake and stock traders who bet wrong and shorted Volkswagen and then had to cover their positions.

source: Bloomberg.com: Worldwide