๐ฉ๐ A launch, a dip, and now a jump have been the short story of Porsche since the launch of its IPO.
๐ถ๐ช The brand hit 85B euro valuation, officially making it the most valuable carmaker in Europe. A title previously held by its parent Volkswagen.
๐๐ฐ The luxury brand dipped to 81B earlier this week but did not stay there long.
๐ฉ๐ช๐จ๐ณ Volkswagen is not intimidated by the mix-up and has turned its attention toward a software joint venture in China.
๐ฟ๐ According to two sources, neither of which were with VW, the company will invest nearly $1B, but not until the results of an election that will affect two seats on its shareholder supervisory board.