Porsche

became Europe’s most valuable automaker, overtaking parent Volkswagen. Porsche’s shares went up 3.1% on Thursday, one week after its initial public offering, with its total value reaching €82.7 billion, passing Volkswagen’s valuation of €78.8 billion.

^{via Bloomberg}

• A step back: Porsche debuted on the stock market last week as Europe’s largest public offering in a decade. The company’s shares went below its IPO price on Monday but bounced back quickly this week.