Porsche to drop out of Germany’s DAX index as US tariffs bite
The Porsche brand logo can be seen on April 6, 2025 behind a vehicle from a sports car manufacturer Porsche in Munich (Bavaria).
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Luxury car manufacturer Porsche It will soon leave Germany’s blue chip DAX As the US tariffs damage the European automobile industry, a long share price decrease in index.
Stoxx Ltd in the Wednesday statement in question Porsche will be released from DAX as part of a regular change on September 22, and will replace online lists with SCout24.
According to the update of the stock market operator Deutsche Boersse, Porsche is preparing to become a member of the MidCap MDAX index in the future.
Famous 911 model and luxury sports service vehicles such as high -performance sports car manufacturer, US President Donald Trump’s tariffs on European cars was particularly forced.
After the first public offering of DAX three years ago in September 2022, Porsche has repeatedly dropped its appearance in recent months. reference The effect of US tariffs is a slower transition to weak demand in China than expected to weak demand and electrical mobility.
The company shares fell more than one third in the last 12 months.
Oliver Blume, CEO of Porsche, said in an interview with the German newspaper on Thursday, the company said to DAX “returning as soon as possible” and the company’s technical factors for the decrease in the index.
Porsche spokesman, when he was asked to comment on the new orientation, CNBC’yi Blume’nin Faza directed to his comments.
