Stock market data from major financial news sources

U.S. Senate Finance Committee Expands Probe into BMW's Use of Banned Chinese Parts, Uyghur Forced Labor Links

Jun 11, 2024, 02:16 AM

The U.S. Senate Finance Committee has expanded its investigation into BMW's use of electronic components sourced from a banned Chinese supplier. The probe, led by the chair of the Senate Finance Committee on Monday, aims to scrutinize the German automaker's supply chain for potential links to forced labor practices, particularly involving Uyghur forced labor. This development underscores ongoing concerns about human rights abuses in China and the implications for global supply chains.