Volkswagen agrees to key terms to sell Osnabrück site
Volkswagen AG agreed with the State of Lower Saxony and Aurelius Capital on key terms for a potential sale of Volkswagen Osnabrück GmbH. Vehicle production at Osnabrück is planned to be phased out in summer 2027.
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12:13:18 PM UTC
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By Adria CalatayudVolkswagen said it is selling its factory in the German city of Osnabrueck to Israel's Aurelius Capital and the state of Lower Saxony, which aim to repurpose the site to make defense equipment.The deal offers a new industrial future for a plant where Volkswagen had decided to end…
Volkswagen AG, on Monday, said it agreed with the State of Lower Saxony and Aurelius Capital on key terms for the potential sale of Volkswagen Osnabrück GmbH. The company plans to phase out vehicle production at Osnabrück in summer 2027.