Volkswagen AG:  world’s largest automaker. ! image

Global crisis makes victims. Moreover, one of the victims is Toyota who fell yesterday with 4.9 percent to 3,710 yen, the lowest value since March 2004, at the 3 p.m. close on the Tokyo Stock. Because of this, Toyota fell to a total value of $124.3 billion. At the same time, Volkswagen AG closes with a total value of $127.5 billion.

One of the most important factors who conducted to this was the high level of fuel price. That is why the demand for Tundra pickups and Sequoia sport-utility vehicles has decreased.
The auto industry is in a difficult situation right now,” said Edwin Merner, president of Atlantis Investment Research Corp. in Tokyo, whose parent company manages about $3.1 billion. “Toyota is well positioned to survive, but it will suffer like all the others.”

Volkswagen’s shares have gained 87 percent this year as Porsche SE bid for a majority stake and hedge funds that had bet on the shares falling were forced to close their positions.