The struggling car manufacturing group said it will sell the Osnabrück plant to the Tel Aviv-based company “Aurelius Capital” and the German state of Lower Saxony, which is one of the main shareholders of “Volkswagen,” and the first project planned for “Rafael Advanced Defence Systems” will be related to air defense.
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“Today, by signing the agreement, we are taking an important step towards a new era of this production,” said Volkswagen CEO Oliver Blume. “Volkswagen takes responsibility for Osnabrück.”
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