Three years after its spectacular market debut, the German carmaker Porsche will no longer be listed on Frankfurt’s leading stock exchange, a setback that comes as the company battles with falling demand and President Trump’s tariffs on cars imported from Europe.
The change will be effective on Sept. 22, said Stoxx, the company that owns the Frankfurt exchange.
Porsche, along with biopharmaceutical company Sartorius, will move to the MDAX index from the DAX index, where Germany’s leading blue-chip companies are listed. The machinery and technology company GEA Group and the internet real estate company Scout24 will replace them on the DAX.
Oliver Blume, who is chief executive of both Porsche and its majority shareholder, Volkswagen, vowed in remarks to German media on Thursday that the company, which is undergoing restructuring, would return “as quickly as possible” to the listing of Germany’s 40 most valuable companies.
Porsche’s shares have lost a third of their value in the past 12 months, forcing the company to lower its outlook three times this year, as buyers in the world’s largest automobile market, China, have turned away from German luxury carmakers, in favor of homegrown rivals.
The United States and the European Union’s trade agreement, which places 15 percent import duties on all cars coming into America, is also weighing on the automaker, which produces all of its vehicles in Europe and now faces higher costs for selling to the United States, its largest market.
From the time of Porsche’s initial public offering, some analysts were skeptical about Mr. Blume’s dual roles. That has come under more intense scrutiny as Porsche’s troubles have increased in recent months.
Asked about whether he had a timeline for when he was planning to step down, Mr. Blume demurred, but he indicated that he was not insisting on remaining indefinitely in the role.
“It is not a secret that this double role is not designed for the long term,” he said.
Melissa Eddy is a Times reporter based in Berlin who reports on Germany’s politics, businesses and economy.
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