Crisis-wracked German auto giant Volkswagen said Monday that one of its plants would be sold off and converted to make defence equipment after car production ends there.

Factory in Osnabrueck to be sold to Israeli investment firm, with an initial deal inked to produce air defense system parts for Rafael

El grupo pone en marcha su plan de ajuste: la israelí Aurelius Capital y el estado de Baja Sajonia se harán cargo de la planta, que apunta a fabricar para la defensa alemana y…

Israeli investor and Volkswagen shareholder seek to repurpose factory amid restructure