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🇧🇪 Belgium /Economy & Trade

Volkswagen plans to sell Osnabrück plant to Israeli investment firm for military production

From VRT NWS · () Dutch

Translated from Dutch and summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement New plan
  • Volkswagen plans to sell its Osnabrück factory to Aurelius Capital and the state of Lower Saxony.
  • The site would be converted to produce military equipment for Israeli defense company Rafael.
  • Volkswagen said it has signed a preliminary agreement for the sale.

Volkswagen wants to sell its factory in Osnabrück to Israeli investment firm Aurelius Capital and the German state of Lower Saxony.

The site would then be converted for military production by Rafael, an Israeli defense company. Volkswagen said it has reached a preliminary agreement covering the sale.

About this summary

Originally published by VRT NWS in Dutch. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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