Volkswagen excluded from Euro Stoxx 50 index

The German automaker is leaving the list of Europe's 50 largest corporations amid a prolonged crisis. Since the beginning of the year, the company's market capitalization has decreased by more than 27%, and the peak stock decline during the market cycle exceeded 75%. The main reasons for exclusion are intense competition from Chinese manufacturers, forced job cuts, and large-scale restructuring to reduce operating expenses.

The automaker's place in the index will be taken by Finnish company Nokia, whose shares are steadily growing due to orders for AI data center equipment. Among automotive companies, only BMW, Mercedes-Benz Group, and Ferrari remain in the Euro Stoxx 50. The changes will officially take effect on September 21.