{"id":1969373,"date":"2023-07-11T07:28:02","date_gmt":"2023-07-11T11:28:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/volkswagen-faces-fresh-investor-doubts-on-independence-of-planned-xinjiang-audit\/"},"modified":"2023-07-11T07:29:10","modified_gmt":"2023-07-11T11:29:10","slug":"volkswagen-faces-fresh-investor-doubts-on-independence-of-planned-xinjiang-audit","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/volkswagen-faces-fresh-investor-doubts-on-independence-of-planned-xinjiang-audit\/","title":{"rendered":"Investor doubts resurface over Volkswagen&#8217;s Xinjiang audit independence."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fvolkswagen-faces-fresh-investor-doubts-on-independence-of-planned-xinjiang-audit%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1969373&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<h2>Investor Association Challenges Volkswagen&#8217;s Audit Plans in China<\/h2>\n<p>By Victoria Waldersee and Jan Schwartz<\/p>\n<p>BERLIN\/HAMBURG (Reuters) \u2013 Volkswagen was challenged by an investor association on Tuesday about the planned audit of its co-owned site in Xinjiang, China, adding to concerns raised by <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/report-biden-took-donations-from-lobbyist-for-nso-group\/\" title=\"Report: Biden took donations from lobbyist for NSO Group\">human rights activists<\/a> that the measure would be ineffective.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>The Association of Critical Shareholders (DKA), which represents small investors on environmental, social and governance issues, asked Volkswagen in an open letter how it would ensure results were independent given China\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/volkswagen-faces-fresh-investor-doubts-on-independence-of-planned-xinjiang-audit\/\" title=\"Investor doubts resurface over Volkswagen's Xinjiang audit independence.\">anti-espionage laws<\/a>.<\/p>\n<p>It highlighted restrictions imposed by the Chinese government on international auditors, including the raid of U.S. corporate auditor Mintz Group\u2019s offices in Beijing and reports China instructed state-owned enterprises to stop using PwC, EY, KPMG and Deloitte.<\/p>\n<blockquote><p>\u201cWe therefore see a very high risk that the Chinese government will misuse the audit for its international disinformation campaign to conceal the actual conditions at the plant,\u201d the DKA wrote.<\/p><\/blockquote>\n<p>Volkswagen could not immediately be reached for comment and Chinese venture partner SAIC declined to comment.<\/p>\n<p>The United Nations and rights groups estimate that more than a million people, mainly Uyghurs and other Muslim minorities, have been detained in recent years in a system of camps in Xinjiang and used for low-paid and coercive labour.<\/p>\n<p>China denies any human rights abuses in the western region.<\/p>\n<p>Volkswagen said at its capital markets day in June it would carry out an independent audit of the site it jointly owns with Chinese state-owned enterprise SAIC in Urumqi, after investors called on the company to do so.<\/p>\n<\/p>\n<p> (Reporting by Victoria Waldersee, Jan Schwartz; Editing by Rachel More and Barbara Lewis)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/volkswagen-faces-fresh-investor\/attachment\/file-photo-a-volkswagen-logo-is-pictured-in-a-production\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Other News:<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Meanwhile, the House of Representatives introduces a piece of legislation, aimed at restoring public trust in elections. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>White House censorship efforts are thwarted, while critics try to censor Sound of Freedom.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>New York Governor Kathy Hochul blames her predecessor Andrew Cuomo for the bail mess in the state as she claims New York City is safe again.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The mayor of a city in Atlanta, Georgia was arrested for trespassing over the weekend. Mayor\u00a0Khalid Kamau of the City of South Fulton also\u00a0faces a\u00a0first-degree burglary charge after he trespassed on private property at a lake house on Saturday morning.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Byron Kaye and Lewis Jackson SYDNEY (Reuters) \u2013 Social media giant Meta Platforms, owner of Facebook and Instagram, plans to label\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>BEIJING (Reuters) \u2013 China\u2019s science and technology ministry held a meeting on July 5 with firms including Xiaomi, iFlytek and Alibaba Cloud\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Tanvi Mehta NEW DELHI (Reuters) \u2013 Taiwan\u2019s Foxconn has decided to withdraw from a $19.<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/golf-british-opens-154th-edition-to-be-played-at-birkdale\/\" title=\"The 154th British Open to be held at Birkdale.\">5 billion semiconductor joint venture<\/a> with Vedanta,\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>(Reuters) \u2013 Taiwan\u2019s Foxconn said on Monday it had withdrawn from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta,\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Volkswagen faces investor challenge over Xinjiang audit, raising concerns about its effectiveness. The Association of Critical Shareholders questions the planned audit of the co-owned site in China, echoing human rights activists&#8217; worries. (55 words)<\/p>\n","protected":false},"author":66,"featured_media":1969374,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1969373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1969373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1969373"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1969373\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1969374"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1969373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1969373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1969373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}