21 Sep 2026 | 3 Mins Read
Volkswagen’s troubles grow with exit from blue-chip index after profit warning
Flipitmoney
Volkswagen shares fell after issuing a profit warning, lowering its 2024 return on sales forecast from 4-5.5% to 1% due to impairments, Chinese market weakness, and restructuring costs. The company, whose stock is down 27.5% this year, was removed from the Euro Stoxx 50 index and is cutting 100,000 jobs amid ongoing challenges.