Automakers

VW set for multimillion-euro windfall on gas trade

VW Wolfburg exterior smoke stacks 2022
VW had planned to use the gas next year at its Wolfsburg plants as part of a fuel switch away from coal. (Bloomberg)
B
By:
Bloomberg
September 16, 2022 01:23 PM

Volkswagen Group is set to receive hundreds of millions of euros in trading profits as it offloads a massive natural-gas hedge, selling large amounts of fuel it previously purchased back into the German market.

Staying current is easy with newsletters delivered straight to your inbox.