According to a report at Bloomberg.com Toyota’s market value has fallen, while Volkswagen’s has risen, on the back of strong market growth, due, in part, to Porsche’s increasing financial interests in the German auto giant. The Bloomberg article states, “Toyota declined 4.9 percent to 3,710 yen, the lowest since March 2004, at the 3 p.m. close on the Tokyo Stock Exchange, giving it a giving it a market capitalization of $124.3 billion.”
On current exchange rates Volkswagen’s value sits at US$127.5 billion. Amazingly, Toyota’s value has dropped over 55% since its market peak in February 2007. Whereas Volkswagen achieved its highest stock market values in mid September. The drop in Toyota’s worth follows a 32% drop in US sales, where it is still the market leader.