Around 1,400 jobs could be preserved after Volkswagen agreed to sell its Osnabrück plant to Israel's Aurelius Capital and Lower Saxony. The deal includes planned cooperation with Rafael on air defense systems, and possibly converting VW vehicles for military use, per Reuters.
Qatar's sovereign wealth fund is vetoing a deal between Volkswagen and Israel's Rafael to produce Iron Dome components, per Bild. As VW's third-largest shareholder, the fund is blocking the agreement. The Wolfsburg plant now faces possible closure, with hundreds of workers at risk of layoffs.
Qatar's sovereign wealth fund is creating obstacles for Volkswagen's effort to partner with Rafael at its underperforming Osnabrueck plant in Germany. Qatar is VW's third-largest investor.
Volkswagen is in talks with Israel’s Rafael Advanced Defense Systems over a potential deal that would shift production at one of its German car factories from automobiles to missile defense components.
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