Energy

Volkswagen to prolong coal-fired power as Russia concerns continue

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Covering an area of 6.5 million square meters, VW’s huge manufacturing facility in Wolfsburg uses two cogeneration plants that provide it with heat and power.

Krisztian Bocsi | Bloomberg | Getty Images

The CEO of Volkswagen told CNBC Wednesday that the German automotive giant was keeping its options open in terms of how it powers its huge manufacturing plant in Wolfsburg, admitting coal would still be needed due to ongoing tensions between Russia and Europe.

Speaking to CNBC’s Annette Weisbach, VW chief Herbert Diess was asked how concerned he was about gas supplies from Russia stopping and what that would mean for his firm’s operations.

“That’s actually really a threat … because it’s very…



Source cnbc.com

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