With 85 billion euros, “Porsche” is the most valuable among European car companies

Porsche has taken the lead as the most valuable automaker in Europe, overtaking the previous parent company, Volkswagen, as the shares of the newly listed sports car maker witnessed rapid growth.

Although shares of Porsche slipped from their listing price on Monday to 81 euros, in line with a broader drop in the markets, they rose to 93 euros ($91.95), giving the sports car brand a market value of 85 billion euros.