Volkswagen's massive stock price surge has briefly let Europe's top automaker to stake the claim as the world's largest company by market capitalization, passing oil giant Exxon Mobil.
Volkswagen continued to climb Tuesday as short sellers rushed to cover positions after Porsche Automobil Holding announced over the weekend that it would seek a 75% stake.
Porsche has options to buy 31.5% of VW while raising its direct equity stake to 42.6%.
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