Vincent Boland: More twists and turns ahead as VW tries to steer a way into the future | Business Post

Herbert Diess, chairman of Volkswagen Group, in the VW ID.3 electric car: Diess unveiled a €52bn strategy to match Tesla in the production of electric cars. Picture: Getty

In late October 2008, as banks crashed, stock markets tumbled and the global financial crisis tightened its grip, something very odd happened in another corner of the business world. For one day that month, in a never-to-be-repeated performance, the German car maker Volkswagen became the world’s most valuable company.

How that happened is a convoluted tale of industrial rivalry, family ties and derivatives. The seed was sown a few years earlier when Porsche, the...

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Child brings suit against Tusla after it overturns her abuse allegations | Business PostA minor has launched legal challenge against the child and family agency after it overturned a finding that her sexual abuse allegations were credible
Source: businessposthq - 🏆 8. / 71 Read more »

Dublin Town seeks to renew contract despite €4m arrears | Business PostThe promotional company must now be voted back in by city centre businesses, but the margin of approval has narrowed in recent years
Source: businessposthq - 🏆 8. / 71 Read more »

Poolbeg Pharma lands deal with AI firm to pinpoint effective virus drugs | Business PostUS giant OneThree Biotech will lend Open Orphan spinout its state-of-the-art technology to accelerate treatment of severe respiratory infection RSV
Source: businessposthq - 🏆 8. / 71 Read more »