Volkswagen's 125-Year-Old Car Plant Sold To Israeli Fund To Make Air Defence For Europe |FP Explains

By Firstpost

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Volkswagen has agreed to sell its 125-year-old Osnabrück car plant to Tel Aviv-based Aurelius Capital and the German state of Lower Saxony. The new owners plan to turn it into a defence site, with Rafael Advanced Defence Systems, one of the makers of Israel's Iron Dome, as the first partner. It comes days after VW approved the biggest restructuring in its history, taking total job cuts to around 100,000 by 2030. Here’s what the deal is about! --- Volkswagen Osnabrück | Volkswagen Plant Sale | VW Osnabrück Factory | Aurelius Capital | Rafael Defence Systems | Israel Iron Dome | German Defence Industry | Germany Defence | Volkswagen Job Cuts | VW Restructuring | Firstpost #volkswagen #vw #osnabruck #aurelius #rafael #irondome #israel #germany #defenseindustry #automotive #firstpost Firstpost is an Indian news and media website. Get all the incisive opinions, in-depth analyses and other visual stories that matter to you and the world right here on this channel. Subscribe to Fir

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