Germany’s Volkswagen AG warned on Thursday that global auto production will be at risk in 2023 if Russia fails to resume deliveries of natural gas through Nord Stream 1. As long as Germany continues to fill its natural gas storage over the coming 5-6 months, Reuters cited a Volkswagen executive as saying on Thursday, the auto giant will be able to maintain production levels. However, the executive warned that by next year, with natural gas prices continuing upwards and supply still at risk over Nord Stream, production will be in question. The unnamed Volkswagen executive supported Goldman Sachs’ forecast of natural gas shortages beginning in June 2023 if Gazprom fails to resume flows through Nord Stream 1. Reuters also cited Volkswagen executive Michael Heinemann as saying that the auto giant would comply with the German government in reducing its natural gas intake by over 20%. On Thursday, front-month Dutch […]