23 Hrs
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الاقتصادية
Volkswagen exits Euro Stoxx 50
Reports indicate that Volkswagen has been removed from the Euro Stoxx 50 index for the first time in nearly 15 years, due to a decline in its market weight across Europe. Its share price has dropped by more than three-quarters from its peak in 2021. This exclusion necessitates rebalancing the holdings of funds that track the index, which could lead to additional selling pressure on the stock. The company is currently facing financial pressures, including a loss of over 75% of its market value and its share price approaching the lowest levels in 16 years. Additionally, it has incurred a €6 billion loss related to its stake in Porsche. Volkswagen is seeking to reduce costs through restructuring and job cuts, and there are expectations that the company may re-enter the Euro Stoxx 50 index in the future after improving its financial performance.
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