Volkswagen in talks to sell Osnabrück plant to defense investor Aurelius

Volkswagen is divesting its Osnabrück plant as part of a restructuring. The plant is confirmed to be sold to a consortium of Lower Saxony and Israeli private equity firm Aurelius Capital, with plans to convert it for defense production, specifically air defense systems in cooperation with Israel's Rafael Advanced Defense Systems. Key uncertainties remain regarding the financial terms, regulatory approvals, and the precise scope and timeline of the conversion.