Thousands of Volkswagen Group vehicles, including Porsche, Bentley, and Audi cars, have been impounded in US ports after a supplier was found to have included a Chinese subcomponent that breached anti-forced labor laws. This incident highlights the growing scrutiny on companies with supply chains linked to Xinjiang, where there is significant concern over the use of Uyghur Muslim forced labor. Despite increasing investments in China, the German government and the European Union have yet to adopt a presumption against imports from Xinjiang due to these concerns. The situation has put pressure on Volkswagen to reconsider its China joint ventures and has sparked discussions on the challenges faced by German businesses in balancing investor values with Beijing’s policies. An offer was made to take delivery of all inventory at $1/unit.
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The German business dilemma in China - @patricianilsson col here on how BASF and VW's issues in China highlight the difficulty of straddling the growing rift between the values of its investors and Beijing’s policies https://t.co/nCPPBr2B2u
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The price of VW closing its eyes: "Thousands of Porsche, Bentley & Audi cars have been impounded in US ports after a supplier to parent group Volkswagen found a Chinese subcomponent in the vehicles that breached anti-forced labor laws." #Xinjiang #Uyghurs https://t.co/UNy6wMsd1J
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German investment in China keeps growing, yet the German government (and the European Union) still haven't adopted a presumption against imports from Xinjiang because of the impossibility of avoiding complicity in China's use of Uyghur Muslim forced labor. https://t.co/7iHCbH9r7V
I am ready to take delivery of all inventory at $1/unit FirstFT: VW cars impounded in US ports over banned Chinese part https://t.co/jtFi02YSDo
FT, citing sources: Thousands of Porsche, Bentley and Audi cars have been impounded in US ports after a supplier to parent group Volkswagen found a Chinese subcomponent in the vehicles that breached anti-forced labour laws. https://t.co/jvNkYl35yU
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