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Market
How will BMW and Jaguar adjust their investments in Chinese suppliers by the end of 2025?
3
Resolution / Starting Odds
Increase Investment • 33%
Decrease Investment • 33%
Maintain Current Levels • 34%
Corporate investment announcements and financial news
Story
Senate Inquiry Finds BMW, Jaguar Imported Cars Tied to Forced Labor in China
May 20, 2024, 01:50 PM
A Senate inquiry has found that BMW and other automakers, including Jaguar, imported cars and parts tied to forced labor in China. The investigation by the Senate Finance Committee, reported by the NYT, revealed that these companies failed to adequately police their supply chains for components made with forced labor. Specifically, parts were sourced from a Chinese supplier flagged for forced labor practices. Despite automakers' claims of being unable to find forced labor in their supply chains, the oversight staff uncovered these violations.
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Similar markets
Yes • 50%
No • 50%
No adaptation • 33%
Partial adaptation • 33%
Full adaptation • 33%
Increase prices for US market • 33%
Seek new markets outside the US • 33%
Negotiate exemptions or reductions • 34%
Increase investment in domestic EV production • 33%
Form new alliances with non-Chinese EV part suppliers • 33%
No significant change in strategy • 34%
Shift production to U.S. • 25%
Shift production to other countries • 25%
Seek tariff exemptions • 25%
No significant changes • 25%
No issues found • 33%
Minor issues found and corrected • 33%
Significant issues found leading to major changes • 33%
Increase investment in China • 33%
Maintain current level • 33%
Reduce investment • 33%
FinDreams only • 25%
CATL only • 25%
Both FinDreams and CATL • 25%
Additional suppliers included • 25%
