European Markets Set to Continue Sell-Off, Tracking Global Negativity
CNBC Pro: Porsche is now more valuable than VW: Here's what the pros think of the carmakers
A week after its stock market debut, luxury automaker Porsche's market cap raced past its former parent company Volkswagen Group's., the largest electric carmaker in the world, saying Porsche's electrification plan for its hot-selling Macan EV is expected to be an instant success. Compared to its parent company VW, which makes nearly 10 million cars annually, Porsche manufactures just over 300,000 cars but accounts for a quarter of the profits at Volkswagen.
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