We are moving production from Germany and Eastern Europe because of gas, Volkswagen threatens | Company

Published by
Peter Kavinsky

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According to Bloomberg, a Volkswagen spokesperson said Southwestern Europe or the coastal areas of Northern Europe, where there is better access to marine supplies of liquefied natural gas (LNG), could benefit from the shift in production. Volkswagen already produces cars in Portugal, Spain and Belgium, i.e. countries with LNG terminals.

The Volkswagen group also expressed concern about the impact of high gas prices on auto parts suppliers. “Politicians must limit the current uncontrolled explosion in gas and electricity prices,” said Thomas Steg, who is responsible for external relations at the group. “Otherwise, especially small and medium-sized enterprises with high energy consumption will face problems in the supply chain and will have to limit or stop production,” he added.

The situation surrounding Russian gas supplies became more complicated when Russia launched an attack on Ukraine in February this year and the European Union passed a series of anti-Russian sanctions in retaliation. Russia is restricting supplies to the EU, citing technical problems caused by sanctions. But the European Union says the technical problems are just a pretext and that Moscow is using the gas as a weapon to promote its interests.

Volkswagen is the largest car manufacturer in Europe. It also includes Czech car manufacturer Škoda Auto. It has three production sites in the Czech Republic, but also produces in Slovakia, China and India, mostly through group partnerships, and in Ukraine and Kazakhstan in collaboration with local partners.

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Peter Kavinsky

Peter Kavinsky is the Executive Editor at cablefreetv.org

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