Volkswagen to sell Osnabrück plant for defence equipment production
Volkswagen has agreed to sell its Osnabrück facility to Lower Saxony's state government and Israeli investor Aurelius Capital, with production of defence equipment to begin in 2027.
Crisis-hit Volkswagen has agreed to sell its Osnabrück plant in Lower Saxony to the state government and Israeli investor Aurelius Capital under a preliminary deal. The facility is expected to begin production of defence equipment for Rafael Advanced Defence Systems, which manufactures the Iron Dome missile defence system, from mid-2027 onward.
The sale marks a significant shift for the iconic factory, transitioning from automotive manufacturing to defence production as Volkswagen navigates financial difficulties.
Sources
- Volkswagen's Osnabrück plant to switch from cars to defence — France 24 — English
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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