Porsche becomes Europe’s most-valuable carmaker. The sports car brand overtook Volkswagen. Porsche’s share price rose after investment banks’ purchase. The banks purchased around 3.8 million shares for 312.8 million euros. On Monday, Porsche’s shares fell below their listing price to 81 euros. But, in terms of a wider fall in markets, Porsche shares rose to 93 euros. It gave Porsche a market valuation of 85 billion euros. Volkswagen was valued at 77.7 billion euros.
