Luxury carmaker Porsche to drop out of Germany's DAX index as U.S. tariffs bite
CNBC·2025-09-04 16:28
The Porsche brand logo as lettering can be seen on the rear of a vehicle from the sports car manufacturer Porsche in Munich (Bavaria) on April 6, 2025.Luxury carmaker Porsche will soon drop out of Germany's blue-chip DAX index following a protracted share price slump, as U.S. tariffs take their toll on the European auto industry. In a Wednesday statement, STOXX Ltd said that Porsche would exit the DAX on Sept. 22 as part of a regular reshuffle and be replaced by online listings company Scout24.Porsche is po ...