Volkswagen sells German Osnabrück plant, which will go on to manufacture weaponry
The Israeli company Aurelius will be the majority partner and the state of Lower Saxony will also participate. It will produce air defense systems for the Israeli company Rafael Advanced Defense Systems.
Volkswagen has reached an agreement to sell its Osnabrück plant in Germany to Israeli fund Aurelius Capital, which will be the majority shareholder, and the state of Lower Saxony. The plant will shift its production to air defense systems for German and European markets, in collaboration with Israel's Rafael Advanced Defense Systems.
The deal, which is not yet final, aims to secure the long-term future of the 125-year-old plant and involve its current workforce in manufacturing and production industrialization. Volkswagen announced in 2024 it would end vehicle production at the site next summer as part of efforts to cut excess capacity.
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