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Luxury carmaker Porsche to drop out of Germany’s DAX index as U.S. tariffs bite
Porsche shares have fallen over 33% in 12 months due to tariffs, weak China demand, and slow electric vehicle transition, leading to its replacement by Scout24 in the DAX index.
59 Articles
59 Articles
The manufacturer of Porsche luxury cars will no longer be part of the group of the 40 largest companies listed on the Frankfurt Stock Exchange, Germany.According to CNBC media, this fact occurs after a prolonged drop in the price of the shares of the German firm, due to the blow that has meant for the European automotive industry US tariffs.In a statement published on Wednesday, Stoxx -the administrator of the renowned Stoxx and Dax indices- rep…
Porsche shares will be excluded from the calculation of the main German DAX index, which includes the 40 largest German companies by market capitalization.
Porsche AG drops from DAX on falling shares and global challenges
Shares in Porsche AG , the luxury sports car maker majority-owned by Volkswagen , will drop out of Germany's benchmark blue-chip index on September 22, stock exchange operator Deutsche Boerse said on Wednesday.
The profits of the luxury brand are falling, and now the car manufacturer is also losing its place in the most important German stock exchange index. Oliver Blume, at the same time head of Porsche and Volkswagen, has calculated himself.
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