Volkswagen Transfers Osnabrück Plant to State and Israeli Investors for Defense Production

Struggling automaker Volkswagen agreed to sell its historic German factory to a consortium led by Aurelius Capital and the state government, with plans to convert the facility for defense equipment manufacturing by mid-2027.

7 Sept, 20:52 — 7 Sept, 20:52

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France 24High22h ago

Volkswagen's Osnabrück plant to switch from cars to defence

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.

By Yuka ROYER

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Volkswagen Transfers Osnabrück Plant to State and Israeli Investors for Defense Production

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Volkswagen's Osnabrück plant to switch from cars to defence

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