What happened with Volkswagen in 2008?
During the global financial crisis of 2008, something strange happened. Volkswagen went through a short squeeze and briefly became the biggest company in the world. Panic among short sellers set in, and the supply-demand imbalance triggered a monumental short squeeze that drove its share price up from €210. Indeed, Volkswagen became the world’s largest company by market value on October 28—albeit, very briefly.In October of 2008, shares of Volkswagen more than quadrupled in two days, briefly making the German automaker the most valuable company in the world. This has now been recorded as one of the largest short squeezes in modern trading history.One of the most famous, significant and big short squeezes of the 21 century is the sharp rise in the stock price of German car maker Volkswagen AG (XETR: VOW) in 2008. Between 24 and 28 October in that year, the company’s share price recorded a 376. EUR.The 2008 Volkswagen short squeeze unfolded during a period of unprecedented global financial instability. The collapse of Lehman Brothers had triggered panic selling across markets, and the automotive industry was grappling with plummeting demand and mounting debt.October 27–28, 2008: The Squeeze Peaks Panic gripped the market as short sellers scrambled to buy shares, driving VW’s stock price from €210. On October 28, Volkswagen briefly became the world’s most valuable company by market capitalisation, surpassing ExxonMobil.
Is a 2008 Passat a good car?
Among the 542 owners who provided feedback on the 2008 Volkswagen Passat for Kelley Blue Book, consumer sentiment is mostly positive, with 75% recommending the vehicle. As a whole, consumers found the vehicle’s comfort and performance to be its strongest features and reliability to be its weakest. The average total annual cost for repairs and maintenance on a Volkswagen Passat is $639, compared to an average of $526 for midsize cars and $652 for all vehicle models.The Volkswagen Passat is a nameplate of large family cars (D-segment) manufactured and marketed by the German automobile manufacturer Volkswagen since 1973 and also marketed variously as the Dasher, Santana, Quantum, Magotan, Corsar and Carat — in saloon, estate, and hatchback body styles.A 2008 Volkswagen Passat has depreciated $875 or 23% in the last 3 years and has a current resale value of $2,831 and trade-in value of $620.
What is the most common problem with Volkswagen?
One recurring issue that Volkswagen owners often encounter is related to the electrical system. From faulty wiring to malfunctioning sensors, electrical gremlins can wreak havoc on the performance and reliability of your Volkswagen. Used Volkswagen Passat reliability: the owners’ view Common issues included faulty sensors, electrical glitches, and problematic warning lights, with hybrid models frequently mentioned for software-related concerns.
Which is the cheapest Volkswagen?
The cheapest Volkswagen car in India is the Virtus, with prices starting from Rs. Lakh (ex-showroom). A ) The most popular Volkswagen cars in India include the Virtus, Tiguan, Taigun. The Virtus is priced at 11. Lakh, the Tiguan at 38. Lakh, and the Taigun at 11. Lakh.
What is a 2008 VW Beetle worth?
A 2008 Volkswagen New Beetle has depreciated $1,190 or 31% in the last 3 years and has a current resale value of $2,545 and trade-in value of $762. A 2008 Volkswagen Rabbit has depreciated $1,213 or 31% in the last 3 years and has a current resale value of $2,689 and trade-in value of $1,059.
How much is a 2008 VW Passat worth?
A 2008 Volkswagen Passat has depreciated $828 or 22% in the last 3 years and has a current resale value of $2,878 and trade-in value of $682. Volkswagen Passat (2025) – Mid-Size Luxury Sedan with Advanced Technology – YouTube.