Volkswagen Takes New Hits: A Profit Warning Followed by Euro Stoxx 50 Exit

Source: International Business Times

Volkswagen's preferred shares officially left the Euro Stoxx 50, the benchmark tracking major companies across the euro area. Jens Schlueter/AFP via Getty Images Volkswagen's troubles deepened Monday as the German auto giant was removed from one of Europe's most prominent blue-chip indexes, just days after issuing another profit warning amid mounting pressure from China, restructuring costs and the accelerating transition to electric vehicles. Read moreVolkswagen Will Shed Tens Of Thousands Of Jobs In a Large Restructuring Plan.