Volkswagen Exits Xinjiang Plant
This is a Shanghai news story, published by Yahoo Finance (Canada), that relates primarily to Volkswagen news.
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Shanghai Lingang Development GroupReuters
•VW confirms plans to exit controversial Xinjiang operation
79% Informative
Volkswagen and its Chinese partner agreed to sell the asset to a Shanghai government-owned buyer.
The deal will bring to an end years of mounting investor pressure to abandon VW 's presence in Xinjiang region.
Rights groups have documented abuses including mass forced labour in detention camps.
Volkswagen has denied reports that it kept the plant open as a condition from Beijing to keep producing across China .
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