VW investors want rigorous human-rights investigation of China plant
meeting last month to commission an audit of the plant in Urumqi, Xinjiang, where it assembles cars for sale in the region.
Volkswagen has said previously its joint-venture partner at the plant SAIC would have to agree to the audit.A Volkswagen spokesperson on Thursday declined to say whether SAIC had demanded conditions on the audit. Still, a sweeping crackdown on consultancy and due diligence firms in China, some of which refuse to audit in Xinjiang because of heightened difficulty of ascertaining reliable reports there, raises questions on how reliable the outcome will be, the Umbrella Organisation for Critical Shareholders said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Largest U.S. automaker loan since 2009 is meant to help Ford beat China on EVs - AutoblogThe Department of Energy has allocated $9.2 billion to a joint venture involving Ford and a Korean company for three plants in Tennessee and Kentucky.
Read more »
Analysis: Investors shelve China assets before bigger stimulusInvestors are waiting for a big burst of stimulus from China before they make more aggressive bets on a recovery, having spent the past few months disappointed by economic data and a lack of meaningful policy response from Beijing.
Read more »
Future Classic: 1990-2012 Mitsubishi Eclipse - AutoblogIf you want the ultimate Eclipse, the 210-horsepower turbocharged GSX model with all-wheel-drive from 1995-1999 is the way to go.
Read more »
2023 Mini John Cooper Works 1 to 6 Edition priced at $46,295 - AutoblogThe 2023 Mini John Cooper Works 1 To 6 Edition priced at $46,295, its high price due to being based on the JCW in Iconic trim.
Read more »
Anderson Composites launches U-shaped Roadster Doors for the Bronco - AutoblogAnderson Composites launched U-shaped Roadster Doors for the four-door Ford Bronco. They're inspired by the units fitted to the 1960s Bronco Roadster.
Read more »
Infiniti rolls out new badge, brand experience - AutoblogInfiniti is overhauling its look and logo for 2024 and beyond.
Read more »