Aurelius and Lower Saxony plan to take over VW Osnabrück plant
Aurelius Capital and Lower Saxony plan to take over one of Volkswagen’s XETR:VOW German auto factories to repurpose it for defence projects, Volkswagen said Monday.
Story updates
09:29:16 AM UTC
SquawkNews
Volkswagen Says Reached Deal With Regional Govt, Aurelius Capital to Develop Site for Defense, Security
09:29:43 AM UTC
SquawkNews
Volkswagen: Aurelius, Lower Saxony Govt Plan to Cooperate With Rafael Advanced Defense Systems
Israeli investor Aurelius Capital and the German state of Lower Saxony are planning to take over one of Volkswagen's German auto factories to repurpose it for defence projects, Europe's largest carmaker said on Monday. Volkswagen has for months been exploring ways to address overcapacity and high costs.