Volkswagen AG is now Germany's most valuable company, surpassing SAP AG. This is backed by recent developments in the EV industry and shift of focus by the German automaker to making Electric Cars.
The automaker is now valued at more than 140 billion euros ($166 billion) and SAP’s market value slipped to about 127 billion euros.
VW plans also to bolster its software operations to 10,000 staff, making it one of Europe’s biggest technology outfits after SAP, which first snatched the German stock-market crown from Siemens AG in July 2012.