Aurelius Capital and Volkswagen eye Osnabrueck plant defence conversion
Israel’s Aurelius Capital and Volkswagen’s home state of Lower Saxony plan to take over the Osnabrueck plant and convert it to defence production, labour officials said, potentially preserving about 1,400 of 1,800 jobs.
Israel's Aurelius Capital and Volkswagen's home state of Lower Saxony plan to take over the German automaker's Osnabrueck plant and convert it to defence production, labour officials said, in a move they said could preserve about 1,400 of the site's 1,800 jobs. The arrangement was described as a potential model for other Volkswagen facilities in transition.