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.
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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 poised to become a member of the midcap MDAX index later this month, according to the update from a unit of stock exchange operator Deutsche Boerse.
The manufacturer of high-performance sports cars, such as the renowned 911 model and luxury sports utility vehicles, has been hit particularly hard by U.S. President Donald Trump‘s tariffs on European autos.
Porsche, which entered the DAX three years ago after its initial public offering in Sept. 2022, has repeatedly lowered its outlook in recent months, citing the impact of U.S. tariffs, weak demand in China and a slower-than-expected transition to electric mobility.
Company shares have fallen by more than a third over the last 12 months.
Porsche CEO Oliver Blume said in an interview with German newspaper FAZ on Thursday that the company aims to return to the DAX “as soon as possible” and cited technical factors for the firm’s index relegation.
A spokesperson for Porsche referred CNBC to Blume’s comments to FAZ when asked to comment on the new orientation.
