VW slips on profit downgrade as it exits the Euro Stoxx 50 blue-chip index
Volkswagen trimmed its 2024 operating margin to about 1% after a Porsche impairment and a tougher market, prompting a profit warning and its removal from the Euro Stoxx 50; Deutsche Bank argues the downgrade overstates the deterioration, noting underlying margins around 4% and cash generation intact as VW carries out a 100,000-job restructuring, while Nokia steps in to the index amid AI-driven growth.
