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| Name | Symbol | Market | Type |
|---|---|---|---|
| Volkswagen AG (PK) | USOTC:VWAPY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.08 | 0.71% | 11.39 | 11.11 | 11.44 | 11.39 | 11.31 | 11.37 | 567,207 | 21:15:01 |
From Jun 2023 to Jun 2024
By David Sachs
Volkswagen shares rose Wednesday after a review of practices at a jointly owned site in China found no evidence of human-rights violations.
At 1121 GMT, shares in the German car company were up 3.2% at EUR112.02.
The audit was commissioned by Volkswagen and performed by a Shenzhen law firm with Loehning, a German human-rights consultancy. It included document checks, staff interviews and inspections at a plant co-owned by Volkswagen and SAIC Motor in Xinjiang, Volkswagen said. The audit found no violations of forced-labor or child-labor regulations according to United Nations standards.
The findings could open the door for investors who were previously unable to invest in Volkswagen, Citi analysts said in a note.
"We think this could reverse a significant proportion of the VW underperformance since July 2022," the analysts said.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
December 06, 2023 06:51 ET (11:51 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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