German car industry baulks at supplier demands over energy hikes
By Victoria Waldersee WOLFSBURG, Germany (Reuters) - Germany's giant carmakers may have secured their own energy supplies but thousands of small suppl...
Stay updated with breaking news from Geng Wu. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
By Victoria Waldersee WOLFSBURG, Germany (Reuters) - Germany's giant carmakers may have secured their own energy supplies but thousands of small suppl...
Germany's giant carmakers may have secured their own energy supplies but thousands of small suppliers faced with a squeeze from soaring bills risk upsetting production through the winter.
VW facilities in Germany, Czech Republic and Slovakia could be affected.
Volkswagen could shift production out of Germany and eastern Europe if a shortage of natural gas persists, the latest sign that the energy crisis unleashed by Russia’s invasion of Ukraine threatens to upend Europe’s industrial landscape.
With the war in Ukraine halting deliveries of crucial car parts, Volkswagen and its suppliers are scrambling to find solutions abroad, while trying to reassure Ukrainians they aren't abandoning the c…