Volkswagen's Osnabrück plant to switch from cars to defence
France 24
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France 24
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Crisis-stricken Volkswagen has reached a preliminary agreement to sell its Osnabrück plant in Lower Saxony to the state government and Israeli investor Aurelius Capital. Starting mid-2027, the factory will pivot to producing equipment for Rafael Advanced Defence Systems, manufacturer of the Iron Dome missile defence system.
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Crisis-hit Volkswagen has struck a preliminary deal to sell its Osnabrück plant in Lower Saxony to the state government and Israeli investor Aurelius Capital. From mid 2027, the iconic factory is expected to start producing equipment for Rafael Advanced Defence Systems, the company behind the Iron Dome missile defence system. But first, a look at the state of the German economy following far-right AfD's historic election win in Saxony-Anhalt.
Crisis-hit Volkswagen has struck a preliminary deal to sell its Osnabrück plant in Lower Saxony to the state government and Israeli investor Aurelius Capital. From mid 2027, the iconic factory is expected to start producing equipment for Rafael Advanced Defence Systems, the company behind the Iron Dome missile defence system. But first, a look at the state of the German economy following far-right AfD's historic election win in Saxony-Anhalt.
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Source: France 24
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