German politicians call on carmaker Volkswagen to withdraw from China's Xinjiang region over forced labour accusations
submitted 10 months ago by 0x815@feddit.de edited 10 months ago
www.marketscreener.com/quote/stock/VOLKSWAGEN-A…
"Xinjiang must become a 'no-go' as a location for economic activities for Western companies, including VW," says Renata Alt (FDP), Chairwoman of the Bundestag's Human Rights Committee.
The recent withdrawal of German chemical giant BASF sends a clear signal, Alt continued: "No lazy compromises can be made when it comes to human rights". BASF's decision to divest its shares in joint ventures in Xinjiang was therefore very welcome.
[Edit typo.]
In my long life, I have never seen a headline with the word "Volkswagen" in it that didn't involve VW doing something deceptive or horrible.
This has been company tradition from the very beginning. The only thing they had going for themselves was building affordable quality cars at some time in the past.
They'll do whatever will please the CCP. The Chinese have the german car industry by their balls.
Thinking again, VW abandoning Xinjiang might be beneficial to the CCP as they can start producing cheap parts with good german-ish quality in the abandoned locations to use in their own car brands.
VW is loosing sales in China, that means they have to cut production anyway. The entire Chinese car market is in massive trouble right now, as demand has fallen due to economic problems in China. VW claims to have isolated the China business financially. So they are supposed to be able to move out relatively easily. At least they were warned since years, that they have to move out of China and if they failed well bad management hurts.