Volkswagen’s latest profit warning compounds exit from blue-chip index
Volkswagen shares dipped on Monday after another profit warning issued by the embattled German carmaker was followed by its departure from Europe’s blue-chip index. Shares were 0.5% lower in mid-morning deals, extending Friday’s 8.3% decline after Volkswagen downgraded its expected operating return on sales to 1%, from a previous forecast of 4% to 5.5%. It...
