|Bid||122.75 x 20000|
|Ask||122.95 x 20000|
|Day's Range||120.00 - 121.00|
|52 Week Range||106.50 - 184.00|
|Beta (5Y Monthly)||1.27|
|PE Ratio (TTM)||4.38|
|Earnings Date||Oct 26, 2023|
|Forward Dividend & Yield||8.70 (7.32%)|
|Ex-Dividend Date||May 11, 2023|
|1y Target Est||198.20|
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An audit commissioned by Volkswagen has found no indication of forced labor at its plant in China's Xinjiang region, where Western governments have accused the Chinese government of human rights violations against the Uyghur ethnic minority. The German automaker has come under fire for operating in Xinjiang, a remote western region that borders Central Asia. The U.S. government has blocked imports from Xinjiang unless it can be proven that the products were not made with forced labor.
German carmaker hired consultancy and local law firm to look into factory after complaints by investors and rights groups
A Volkswagen-commissioned audit of its jointly owned site in Xinjiang, China, had found no signs of forced labour, the automaker said on Tuesday, although the auditor added that the challenges of data collection in China were widely known. The audit, which was carried out by German human rights due diligence firm Loening Human Rights & Responsible Business GmbH, included on-site interviews and inspection of employee contracts and salary payments for the site's 197 employees. "The situation in China and Xinjiang and the challenges in collecting data for audits are well known," Loening's managing director Markus Loening said in a statement, adding the mandate was limited to the employees of the Urumqi plant, which is a joint venture with SAIC Motors.