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Israeli Group Reaches Deal To Buy Volkswagen Factory In Germany, To Build Military Iron Dome Equipment And Save 1,400 German Jobs
Israel

Israeli Group Reaches Deal To Buy Volkswagen Factory In Germany, To Build Military Iron Dome Equipment And Save 1,400 German Jobs

Israeli investment group Aurelius Capital has reached a preliminary deal to buy Volkswagen’s factory in Osnabrück, Germany, together with the state of Lower Saxony. The plant will stop making cars in 2027 and become a center for military and air defense production.

By Sarah Rosen

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