Volkswagen's troubles deepen after profit warning and index exit

Volkswagen's difficulties have deepened following a fresh profit warning that coincided with its exit from a blue-chip stock index, according to CNBC.

Deutsche Bank analysts said the cut to VW's operating profit forecast initially appears severe, though it does not undermine the company's cash generation, CNBC reported.

The report did not specify the size of the profit forecast cut or which index the automaker exited.