VW's Stock to Be Removed From Dow Jones Sustainability Indexes
- Index managers drop Volkswagen after emissions-test cheating
- Carmaker's shares continue slide since Sept. 18 announcement
Volkswagen's Brand: How Damaging Is the Scandal?
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Volkswagen AG’s stock will be removed from the Dow Jones Sustainability indexes after the automaker cheated on emissions tests.
The carmaker’s admission on Sept. 18 that it systematically manipulated U.S. emissions tests prompted a review of its status, S&P Dow Jones Indices LLC and RobecoSAM said in a statement Tuesday. The stock will be pulled after the close of trading Oct. 5 from the DJSI World, DJSI Europe and all other related indexes, according to the statement.