Categories: Europe

VW denied German government guarantees for China investment, report says

BERLIN — Germany’s Financial system Ministry is refusing to offer Volkswagen with ensures to cowl new investments in China due to considerations over human rights, a German journal reported.

The report in Der Spiegel on Friday quoted a ministry spokesperson as saying that it had “for human rights causes” rejected 4 functions from an organization.

The journal added, with out giving sources, that Volkswagen was the corporate in query.

A Volkswagen spokesperson confirmed that the corporate has submitted functions for funding ensures, including it had not but acquired an official resolution from the ministry.

Germany’s Financial system Ministry was not instantly out there for remark.

Volkswagen has a plant in China’s Xinjiang area, the place western nations and rights organisations say ethnic Uyghurs face systematic repression. China denies the allegation.

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