© Reuters. A Volkswagen logo is seen on a Volkswagen ID.5 electric car on display at a showroom of a car dealer in Reze near Nantes, France, November 13, 2023. REUTERS/Stephane Mahe
FRANKFURT (Reuters) – Volkswagen (ETR:) top 20-shareholder Deka Investment welcomed the positive outcome of an audit into Volkswagen jointly owned plant in Xinjiang, China, but demanded more clarity from the carmaker regarding its supply chain.
“The audit is a step in the right direction in terms of process and result,” said Ingo Speich, head of sustainability and corporate governance at Deka Investment. “More transparency in the value chain would also be desirable.”
According to LSEG data, Deka Investment owns $99 million worth of Volkswagen’s preferred stock.
