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Volkswagen signs agreement to turn car plant into defense hub

congodailynews.comSeptember 9, 2026September 10, 2026
German automotive manufacturer Volkswagen AG agreed on Monday to sell its Osnabrück assembly plant to Israeli private equity firm Aurelius Capital and the German state of Lower Saxony. Under the preliminary agreement, the new owners...
air defense equipmentAurelius Capitaldefense hubdefense productionindustrial conversionindustrial overcapacityIsraeli private equity firmjoint ownershipLower Saxonymanufacturing partnershipmilitary hardwareOsnabrück plantRafael Advanced Defense Systemssecurityspecialized technical positions.strategic determinationVolkswagen
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