Volkswagen stock slips 3.2 percent on Euro STOXX 50 exit

Volkswagen stock fell 3.2 percent on September 2, 2026 after STOXX said Nokia will replace it in the Euro STOXX 50. The move comes as Volkswagen faces a 50,000-job cut plan and 20 percent savings already achieved.

Volkswagen stock (ISIN DE0007664039) fell 3.2 percent on September 2, 2026 after STOXX said Nokia will replace Volkswagen in the Euro STOXX 50, according to Reuters. The same Reuters report said Volkswagen shares lost ground as index reshuffling added pressure to an already difficult valuation case.

Index change hits

The market reaction was immediate. Reuters reported that Volkswagen shares dropped 3.2 percent while the German DAX fell 0.5 percent and the STOXX 600 closed down 0.2 percent on September 2, 2026. The company is also set to lose its Euro STOXX 50 place as Nokia returns to the benchmark.

MarketScreener quoted a Volkswagen market snapshot at 73.70 EUR on September 2, 2026, with a market cap of 42.82 billion USD and a 3.76 percent decline in the same session. That level sits far below the 100.35 EUR level shown for July 25, 2025 in another market snapshot, a gap that underlines how sharply the shares have reset.

Cost cuts stay central

Volkswagen IR said on its investor page that the group published its half-year 2026 financial report and results on July 24, 2026. The company also repeated that it is pursuing its Group Strategy Mobility for Generations up to 2035, which frames the current savings drive.

According to MarketScreener, automotive expert Helena Beron Wisbert said Volkswagen must move quickly on cost cuts because the current 20 percent savings already achieved are not enough. The same report said management is still working on a new target picture 2030 and that 50,000 positions are part of the restructuring path.

VW brand pressure

The product and brand backdrop is still tied to the core VW nameplate, which sits inside a group that Reuters described as facing a 50,000-job cut plan and a revised cost-cutting push. That combination matters more than a single model cycle because it shapes pricing power, factory use and capital spending.

For investors, the key number is the 20 percent savings figure already cited by the company side and the 50,000-position restructuring path reported by MarketScreener. The current share price around 73.70 EUR as of September 2, 2026 shows how little room the market is giving for delay.

VW stock stays weak

Volkswagen stock traded at 73.70 EUR on September 2, 2026, with a market cap of 42.82 billion USD in the cited snapshot. The shares were down 3.2 percent in the session and 30 percent year to date, according to Reuters and the market data cited above.

Volkswagen Aktiengesellschaft at a glance

• Company: Volkswagen Aktiengesellschaft
• ISIN: DE0007664039
• Ticker: VOW3
• Trading venue: Xetra
• Price (as of September 2, 2026, 11:39:55): 73.70 EUR
• Market capitalization: 42.82 billion USD (as of September 2, 2026)
• Sector / Industry: Consumer Discretionary / Automobiles
• Index membership: DAX