Israeli missile firm to buy Volkswagen factory – report

Summary: Israeli defence firm Rafael Advanced Defence Systems is reportedly purchasing Volkswagen’s Osnabrück factory to manufacture components for its Iron Dome missile system, including launchers and generators. The plant will not produce missiles themselves, with that occurring elsewhere in Germany. The conversion has German government support as Europe rearmed following Russia’s Ukraine invasion.

Brands mentioned: Volkswagen, Mercedes-Benz, Nissan, Renault, Triumph, BMW, Porsche, Skoda