Volkswagen Woes Deepen as Blue Chip Index Exit Follows Latest Profit Warning Volkswagen has been removed from Europe's blue chip index, the Euro Stoxx 50, following another profit warning that sent shares plummeting.
The decision comes on the heels of a significant downward revision in the company's expected operating return on sales. On closer inspection, Volkswagen's struggles appear to be largely self inflicted.
Analysts have criticized the company's decision to downsize its expected operating return on sales from 4% to 5. 5% to just 1%, suggesting that internal mismanagement is at play rather than external factors.