{"id":2157749,"date":"2026-09-21T09:46:47","date_gmt":"2026-09-21T06:46:47","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=2157749"},"modified":"2026-09-21T09:46:47","modified_gmt":"2026-09-21T06:46:47","slug":"volkswagen-exits-euro-stoxx-50-as-index-removal-adds-to-pressure-on-troubled-firm","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=2157749","title":{"rendered":"Volkswagen exits Euro Stoxx 50 as index removal adds to pressure on troubled firm"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/92\/10\/04\/1200x675_cmsv2_42987faf-895d-55e4-b265-af669e34a48a-9921004.jpg&#8221;]<\/p>\n<article id=\"abe-2927733-pos1-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2927733\" data-cid=\"9923273\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927733-label-pos1-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/32\/73\/189x106_cmsv2_31b5d95f-2f0b-541b-87d1-8e0a277c2002-9923273.jpg\" loading=\"lazy\" alt=\"A pedestrian views Earl Spencer\u2019s new book on Princess Diana, \u2018Swan Song: Diana, My Sister\u2019, in a central London bookshop, Tuesday, Sept. 22, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    No Comment<\/p>\n<div class=\"the-media-object__title  \">\n<p>    New Princess Diana memoir hits shelves amid royal tensions\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2927810-pos2-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2927810\" data-cid=\"9923694\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927810-label-pos2-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/36\/94\/189x106_cmsv2_78f3280b-2051-5b7f-9e76-7996781d6dd6-9923694.jpg\" loading=\"lazy\" alt=\"Women walk on a street in front of national flags in Nuuk, Greenland, Jan. 14, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Greenland<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Trump signs Greenland deal allowing US to expand military presence\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2927691-pos3-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2927691\" data-cid=\"9922988\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927691-label-pos3-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/29\/88\/189x106_cmsv2_61c1abf9-b8ee-59a7-aff0-529995b56838-9922988.jpg\" loading=\"lazy\" alt=\"European Commissioner for EU Budget Piotr Serafin at the European Parliament in November 2024\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    EU budget talks face deadlock despite push for year-end deal\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2927815-pos4-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2927815\" data-cid=\"9923712\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927815-label-pos4-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/37\/12\/189x106_cmsv2_d46fd2cf-80d3-5b92-98e5-c8981e11fe16-9923712.jpg\" loading=\"lazy\" alt=\"Latest news bulletin | September 22nd, 2026 \u2013 Evening\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Top News Stories Today<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Latest news bulletin | September 22nd, 2026 \u2013 Evening\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2927733-pos1-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video\" data-nid=\"2927733\" data-cid=\"9923273\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927733-label-pos1-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/32\/73\/189x106_cmsv2_31b5d95f-2f0b-541b-87d1-8e0a277c2002-9923273.jpg\" loading=\"lazy\" alt=\"A pedestrian views Earl Spencer\u2019s new book on Princess Diana, \u2018Swan Song: Diana, My Sister\u2019, in a central London bookshop, Tuesday, Sept. 22, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    No Comment<\/p>\n<div class=\"the-media-object__title  \">\n<p>    New Princess Diana memoir hits shelves amid royal tensions\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2927810-pos2-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2927810\" data-cid=\"9923694\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927810-label-pos2-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/36\/94\/189x106_cmsv2_78f3280b-2051-5b7f-9e76-7996781d6dd6-9923694.jpg\" loading=\"lazy\" alt=\"Women walk on a street in front of national flags in Nuuk, Greenland, Jan. 14, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Greenland<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Trump signs Greenland deal allowing US to expand military presence\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2927691-pos3-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2927691\" data-cid=\"9922988\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927691-label-pos3-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/29\/88\/189x106_cmsv2_61c1abf9-b8ee-59a7-aff0-529995b56838-9922988.jpg\" loading=\"lazy\" alt=\"European Commissioner for EU Budget Piotr Serafin at the European Parliament in November 2024\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    EU budget talks face deadlock despite push for year-end deal\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2927815-pos4-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video\" data-nid=\"2927815\" data-cid=\"9923712\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927815-label-pos4-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/37\/12\/189x106_cmsv2_d46fd2cf-80d3-5b92-98e5-c8981e11fe16-9923712.jpg\" loading=\"lazy\" alt=\"Latest news bulletin | September 22nd, 2026 \u2013 Evening\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Top News Stories Today<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Latest news bulletin | September 22nd, 2026 \u2013 Evening\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article class=\"helper-site-row o-article-newsy\">\n<div class=\"helper-site-container o-article-newsy__container\">\n<div class=\"o-article-newsy__main\">\n<header class=\"h-grid o-article-newsy__main__header\">\n<nav aria-label=\"Breadcrumbs\" class=\"c-article-breadcrumbs\">\n<div id=\"adb-article-breadcrumb\" class=\"c-article-breadcrumbs__list\">\n<p>                          Business<\/p>\n<p>                          Markets<\/p><\/div>\n<\/nav>\n<h1 class=\"c-article-redesign-title\">\n                            Volkswagen exits Euro Stoxx 50 as index removal adds to pressure on troubled firm<\/h1>\n<div class=\"c-article-image-video u-position-relative \">\n<div class=\"js-superdiv u-aspect-ratio-16x9 u-position-relative \" data-controller=\"video-player\" data-sponsored=\"Partner content\"><img fetchpriority=\"high\" decoding=\"async\" class=\"js-poster-img c-article-media__img\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/10\/04\/1536x864_cmsv2_42987faf-895d-55e4-b265-af669e34a48a-9921004.jpg\" width=\"1536\" height=\"864\" loading=\"eager\" alt=\"FILE. A view of the Volkswagen engine plant in Chemnitz, Germany, 27 Aug. 2026\"><\/div>\n<div class=\"c-article-caption u-position-absolute\"><i id=\"article-caption-content\" class=\"c-article-caption__content\"><span class=\"c-article-caption__text\"><br \/>\n              FILE. A view of the Volkswagen engine plant in Chemnitz, Germany, 27 Aug. 2026<br \/>\n                    <span class=\"u-color-white\">&#8211;\u00a0<\/span><span class=\"c-article-caption__copyright\">Copyright\u00a0<\/span><span class=\"c-article-caption__credit\">Hendrik Schmidt\/dpa via AP<\/span><\/span><\/i><\/div>\n<div class=\"c-article-image-copyright c-article-image-copyright--novideo\">\n      Copyright\u00a0Hendrik Schmidt\/dpa via AP\n  <\/div>\n<\/div>\n<\/header>\n<div class=\"h-grid o-article-newsy__main__body u-article-content\">\n<div class=\"o-article-newsy__contributors-publication-date\">\n<div class=\"c-article-contributors\">\n  By&amp;nbspQuirino Mealha\n<\/div>\n<div class=\"c-article-publication-date\" data-timestamp=\"1789984007\">\n         Published on<br \/>\n            <time datetime=\"2026-09-21 11:46:47 +02:00\">21\/09\/2026 &#8211; 11:46 GMT+2<\/time><\/div>\n<\/div>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span 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loading=\"lazy\"><span>Bluesky<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-bluesky.svg\" width=\"48\" height=\"48\" alt=\"bluesky\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"24\" height=\"24\" alt=\"threads\" loading=\"lazy\"><span>Threads<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"48\" height=\"48\" alt=\"threads\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"24\" height=\"24\" alt=\"whatsapp\" loading=\"lazy\"><span>Whatsapp<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"48\" height=\"48\" alt=\"whatsapp\" class=\"u-show-for-desktop\" loading=\"lazy\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"c-article-summary\">\n        Volkswagen has been removed from the Euro Stoxx 50, the eurozone&#8217;s benchmark index of its largest listed companies, taking effect as markets opened on Monday just days after Europe&#8217;s biggest carmaker warned that one-off charges would wipe out most of its profit this year.<br \/>\n    <\/h2>\n<div class=\"c-article-content c-article-content--business js-article-content\">\n<p>Volkswagen, Europe&#8217;s largest automaker, is no longer among the eurozone&#8217;s blue chips.<\/p>\n<div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<p>Index provider Stoxx confirmed the change in its annual review at the start of September, and it came into force before trading began on Monday, with Finnish telecoms group Nokia returning to the index and French utility Engie joining.<\/p>\n<p>Dutch information-services group Wolters Kluwer was also dropped.<\/p>\n<p>The removal is mechanical rather than a judgement, as the index is weighted by free-float market value, and Volkswagen&#8217;s shrinking valuation no longer cleared the threshold.<\/p>\n<p>However, the consequences are real, as funds that track the benchmark must now sell their Volkswagen holdings, adding to pressure on a stock already under strain. Stellantis suffered the same fate last year.<\/p>\n<p>Volkswagen shares have fallen almost 30% since the start of the year and are down over 6% since last Monday&#8217;s open, trading at roughly \u20ac76 at the time of writing.<\/p>\n<h2>A profit warning to match<\/h2>\n<p>The timing could hardly have been worse.<\/p>\n<p>On Friday, Volkswagen flagged around \u20ac10 billion in one-off charges and cut its operating margin forecast for 2026 to no more than 1%, down from a previous range of 4% to 5.5%. Analysts had expected 4.1%.<\/p>\n<p>More than \u20ac6 billion of the charges stem from a writedown at Porsche, in which Volkswagen holds a 75.4% stake, after the sports car maker lowered its medium-term expectations.<\/p>\n<p>Porsche has been hit hard by American tariffs and weak Chinese demand for foreign luxury brands, and managed a margin of just 1.1% last year.<\/p>\n<p>A further \u20ac2 billion or more covers expanded early retirement schemes, impairments in China and the planned sale of Volkswagen Osnabr\u00fcck GmbH, a wholly owned subsidiary and automotive manufacturing plant located in the northwest German city of Osnabr\u00fcck.<\/p>\n<div class=\"c-widget-related\" data-stories-id data-event=\"widget_related\">\n<div class=\"c-widget-related__title\"><b class=\"c-widget-related__title__text\" lang=\"en\">Related<\/b><\/div>\n<ul class=\"c-widget-related__list\" id=\"abe-article-related-1\">\n<li class=\"c-widget-related__item\">French diesel prices top \u20ac2.40 a litre as European fuel costs hit records<\/li>\n<li class=\"c-widget-related__item\">Volvo Cars names \u0160koda boss Klaus Zellmer as next CEO for a turnaround<\/li>\n<\/ul>\n<\/div>\n<p>The company warned of &#8220;further deterioration in the market environment, especially in China, as well as an accelerated shift in demand in favour of battery-electric vehicles.&#8221;<\/p>\n<p>The warning came two weeks after it agreed its largest-ever restructuring, doubling planned job cuts to 100,000 and halving its model line-up.<\/p>\n<p>However, not everyone reads the numbers as a collapse.<\/p>\n<p>Stripping out the one-off items, Volkswagen puts its underlying margin at around 4%, and it kept its cash flow and liquidity forecasts unchanged.<\/p>\n<p>Deutsche Bank, which rates the shares a buy with a \u20ac115 price target, said it believes &#8220;the headline significantly overstates the deterioration in the underlying business.&#8221;<\/p>\n<p>The bank does not expect the pain to end there as it wrote that &#8220;additional restructuring charges simply confirm that the transformation process is very expensive and complex [&#8230;] we expect more to follow over the coming months.&#8221;<\/p>\n<p>Volkswagen&#8217;s third-quarter results are due on 29 October.<\/p>\n<\/div>\n<p>                                  Go to accessibility shortcuts<\/p>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div id=\"adb-article-you-might-also-like\" class=\"perf-cv-auto c-article-you-might-also-like\">\n<h2 class=\"c-article-you-might-also-like__title\">\n        Read more<br \/>\n      <\/h2>\n<div class=\"c-article-you-might-also-like__container\">\n<article id=\"abe-2927159-pos0-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2927159\" data-cid=\"9920241\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927159-label-pos0-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/02\/41\/480x270_cmsv2_5c3c9748-b063-5ccb-a42c-1bf3c88bf379-9920241.jpg\" loading=\"lazy\" alt=\"FILE - A view of the city from the Eiffel Tower in Paris, France\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    France debt set for highest level since 1978 as fiscal strain grows<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2926804-pos1-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2926804\" data-cid=\"9918869\" data-part-label=\"Partner content\">\n<figure id=\"abe-2926804-label-pos1-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/91\/88\/69\/480x270_cmsv2_2077ae21-49e6-5464-8395-5dc03a6c6f44-9918869.jpg\" loading=\"lazy\" alt=\"File - A car drives into a gas station as gasoline prices are displayed in Paris, Monday, 9 March 2026. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    EU fuel prices hit records: ECB experts say diesel margins yet to peak<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2926767-pos2-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2926767\" data-cid=\"9918723\" data-part-label=\"Partner content\">\n<figure id=\"abe-2926767-label-pos2-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/91\/87\/23\/480x270_cmsv2_6f54b497-4027-50ef-8e34-7712f675494a-9918723.jpg\" loading=\"lazy\" alt=\"File - Customers walk after shopping in a store of the French retailer Auchan in St. Petersburg, Russia, Thursday, 24 Oct. 2024. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Russia seizes control over assets of Nestle, French firms<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto\">\n<ul id=\"adb-article-tags\" class=\"c-tags-list\">\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Market index<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  European markets<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Car industry<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Germany<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Cars<br \/>\n<\/section>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"tp-vuukle\">\n<div class=\"c-vuukle-skeleton\" aria-hidden=\"true\">\n<div class=\"c-vuukle-skeleton__header\"><span class=\"c-vuukle-skeleton__title\">Comments<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<aside class=\"o-article-newsy__aside\">\n<div class=\"c-ad-wrapper o-article-newsy__aside__content-1\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<div id=\"adb-article-top-stories\" class=\"perf-cv-auto c-top-stories\">\n<h2 class=\"c-top-stories__title\">Top stories<\/h2>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2927504-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video the-media-object--no-label\" data-nid=\"2927504\" data-cid=\"9922016\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927504-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/20\/16\/320x180_cmsv2_bbfa478a-9be3-51e4-bd5a-ecf2c611edb1-9922016.jpg\" loading=\"lazy\" alt=\"A customer reaches for a pump at a gas station in Berlin on Friday, June 13, 2025.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Fuel taxes in Europe: Which country taxes petrol the most?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2927678-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2927678\" data-cid=\"9922915\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927678-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/29\/15\/320x180_cmsv2_e42d5e7c-63f8-57f4-bf57-13bf6f97b3fa-9922915.jpg\" loading=\"lazy\" alt=\"FILE. ECB President Christine Lagarde and Deutsche Bundesbank President Joachim Nagel address the media in Berlin, Germany, 10 Sept. 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    ECB calls for tougher EU crypto rules and curbs on dollar stablecoins<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2927469-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video the-media-object--no-label\" data-nid=\"2927469\" data-cid=\"9921758\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927469-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/17\/58\/320x180_cmsv2_d9c9d5db-2764-5b2a-a853-7f0b879f8c95-9921758.jpg\" loading=\"lazy\" alt=\"FILE. 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Central Oil Tank Farm near Nelahozeves, Czech Republic, Tuesday, 14 Jan. 2025. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Czechia caps fuel margins and cuts diesel tax as prices soar<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2927444-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2927444\" data-cid=\"9921599\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927444-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/15\/99\/320x180_cmsv2_01966edc-f6c7-5d23-8187-5bfb12800342-9921599.jpg\" loading=\"lazy\" alt=\"ECB President Christine Lagarde addresses the media following the off-site meeting at the Deutsche Bundesbank&apos;s conference centre in Berlin, Germany, 10 Sept. 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    ECB launches &#8216;Pontes&#8217; to settle tokenised assets in central bank money<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-ad-wrapper o-article-newsy__aside__content-2\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-most-viewed\">\n<h2 class=\"c-most-viewed__title qa-section-title\">Most read<\/h2>\n<div class=\"c-most-viewed__list\">\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">1<\/span><\/p>\n<article id=\"abe-2927504-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-video the-media-object--has-related the-media-object--no-label\" data-nid=\"2927504\" data-cid=\"9922016\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Fuel taxes in Europe: Which country taxes petrol the most?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span 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src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<\/aside>\n<\/div>\n<\/article>\n<article id=\"abe-2927159-pos0-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2927159\" data-cid=\"9920241\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927159-label-pos0-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/02\/41\/480x270_cmsv2_5c3c9748-b063-5ccb-a42c-1bf3c88bf379-9920241.jpg\" loading=\"lazy\" alt=\"FILE - A view of the city from the Eiffel Tower in Paris, France\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  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to peak<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2926767-pos2-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2926767\" data-cid=\"9918723\" data-part-label=\"Partner content\">\n<figure id=\"abe-2926767-label-pos2-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/91\/87\/23\/480x270_cmsv2_6f54b497-4027-50ef-8e34-7712f675494a-9918723.jpg\" loading=\"lazy\" alt=\"File - Customers walk after shopping in a store of the French retailer Auchan in St. Petersburg, Russia, Thursday, 24 Oct. 2024. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Russia seizes control over assets of Nestle, French firms<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2927504-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video the-media-object--no-label\" data-nid=\"2927504\" data-cid=\"9922016\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927504-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/20\/16\/320x180_cmsv2_bbfa478a-9be3-51e4-bd5a-ecf2c611edb1-9922016.jpg\" loading=\"lazy\" alt=\"A customer reaches for a pump at a gas station in Berlin on Friday, June 13, 2025.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Fuel taxes in Europe: Which country taxes petrol the most?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2927678-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2927678\" data-cid=\"9922915\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927678-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/29\/15\/320x180_cmsv2_e42d5e7c-63f8-57f4-bf57-13bf6f97b3fa-9922915.jpg\" loading=\"lazy\" alt=\"FILE. ECB President Christine Lagarde and Deutsche Bundesbank President Joachim Nagel address the media in Berlin, Germany, 10 Sept. 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    ECB calls for tougher EU crypto rules and curbs on dollar stablecoins<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2927469-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video the-media-object--no-label\" data-nid=\"2927469\" data-cid=\"9921758\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927469-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/17\/58\/320x180_cmsv2_d9c9d5db-2764-5b2a-a853-7f0b879f8c95-9921758.jpg\" loading=\"lazy\" alt=\"FILE. Workers assemble the Zeekr 001 EV models at the Chinese automaker Zeekr assembly plant in Ningbo, east China&apos;s Zhejiang Province, 17 April 2025\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    &#8216;Made in Europe&#8217; battery rules could add \u20ac2,100 to electric car prices<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2927653-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2927653\" data-cid=\"9922741\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927653-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/27\/41\/320x180_cmsv2_6a1bffa0-8cf6-5a05-9146-351f90a05228-9922741.jpg\" loading=\"lazy\" alt=\"File - A view of the Central Oil Tank Farm near Nelahozeves, Czech Republic, Tuesday, 14 Jan. 2025. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Czechia caps fuel margins and cuts diesel tax as prices soar<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2927444-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2927444\" data-cid=\"9921599\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927444-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/15\/99\/320x180_cmsv2_01966edc-f6c7-5d23-8187-5bfb12800342-9921599.jpg\" loading=\"lazy\" alt=\"ECB President Christine Lagarde addresses the media following the off-site meeting at the Deutsche Bundesbank&apos;s conference centre in Berlin, Germany, 10 Sept. 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    ECB launches &#8216;Pontes&#8217; to settle tokenised assets in central bank money<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2927504-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-video the-media-object--has-related the-media-object--no-label\" data-nid=\"2927504\" data-cid=\"9922016\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Fuel taxes in Europe: Which country taxes petrol the most?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2927351-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2927351\" data-cid=\"9921030\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Qatar rules out Hormuz bypass, launches new investments platform<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2924112-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2924112\" data-cid=\"9906004\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Dubai launches Agentic AI training drive for 14,000 businesses<br \/>\n  <\/h3>\n<div class=\"the-media-object__quote\">Partner content presented by <strong>Dubai Chamber of Digital Economy<\/strong><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2927348-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2927348\" data-cid=\"9920991\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    French diesel prices top \u20ac2.40 as European fuel costs hit records<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2927444-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2927444\" data-cid=\"9921599\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    ECB launches &#8216;Pontes&#8217; to settle tokenised assets in central bank money<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<div class=\"articleBody\" data-key=\"articleBody\">Volkswagen, Europe&#8217;s largest automaker, is no longer among the eurozone&#8217;s blue chips.Index provider Stoxx confirmed the change in its annual review at the start of September, and it came into force before trading began on Monday, with Finnish telecoms group Nokia returning to the index and French utility Engie joining.Dutch information-services group Wolters Kluwer was also dropped.The removal is mechanical rather than a judgement, as the index is weighted by free-float market value, and Volkswagen&#8217;s shrinking valuation no longer cleared the threshold.However, the consequences are real, as funds that track the benchmark must now sell their Volkswagen holdings, adding to pressure on a stock already under strain. Stellantis suffered the same fate last year.Volkswagen shares have fallen almost 30% since the start of the year and are down over 6% since last Monday&#8217;s open, trading at roughly \u20ac76 at the time of writing.A profit warning to matchThe timing could hardly have been worse.On Friday, Volkswagen flagged around \u20ac10 billion in one-off charges and cut its operating margin forecast for 2026 to no more than 1%, down from a previous range of 4% to 5.5%. Analysts had expected 4.1%.More than \u20ac6 billion of the charges stem from a writedown at Porsche, in which Volkswagen holds a 75.4% stake, after the sports car maker lowered its medium-term expectations.Porsche has been hit hard by American tariffs and weak Chinese demand for foreign luxury brands, and managed a margin of just 1.1% last year.A further \u20ac2 billion or more covers expanded early retirement schemes, impairments in China and the planned sale of Volkswagen Osnabr\u00fcck GmbH, a wholly owned subsidiary and automotive manufacturing plant located in the northwest German city of Osnabr\u00fcck.The company warned of &#8220;further deterioration in the market environment, especially in China, as well as an accelerated shift in demand in favour of battery-electric vehicles.&#8221;The warning came two weeks after it agreed its largest-ever restructuring, doubling planned job cuts to 100,000 and halving its model line-up.However, not everyone reads the numbers as a collapse.Stripping out the one-off items, Volkswagen puts its underlying margin at around 4%, and it kept its cash flow and liquidity forecasts unchanged.Deutsche Bank, which rates the shares a buy with a \u20ac115 price target, said it believes &#8220;the headline significantly overstates the deterioration in the underlying business.&#8221;The bank does not expect the pain to end there as it wrote that &#8220;additional restructuring charges simply confirm that the transformation process is very expensive and complex [&#8230;] we expect more to follow over the coming months.&#8221;Volkswagen&#8217;s third-quarter results are due on 29 October.<\/div>\n<p>[analyse_source url=&#8221;https:\/\/www.euronews.com\/business\/2026\/09\/21\/volkswagen-exits-euro-stoxx-50-as-index-removal-adds-to-pressure-on-troubled-firm&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/92\/10\/04\/1200x675_cmsv2_42987faf-895d-55e4-b265-af669e34a48a-9921004.jpg&#8221;] No Comment New Princess Diana memoir hits shelves amid royal tensions Greenland Trump signs Greenland deal allowing US to expand military presence Europe News EU budget talks face deadlock despite push for year-end deal Top News Stories Today Latest news bulletin | September 22nd, 2026 \u2013 Evening No Comment New Princess Diana [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[90],"tags":[226,36],"class_list":["post-2157749","post","type-post","status-publish","format-standard","hentry","category-international","tag-crawlmanager","tag-euronews-com"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2157749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2157749"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2157749\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2157749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2157749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2157749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}