Volkswagen profit warning and Euro Stoxx 50 exit deepen automaker’s slump

Volkswagen shares fell 0.5% on Monday after the carmaker cut its operating return on sales forecast to 1% from 4% to 5.5%, citing a Porsche impairment, weaker Chinese demand and restructuring costs. It was also ejected from the Euro Stoxx 50; the stock has fallen 27.5% this year, near its lowest level since 2010.