Volkswagen to Manufacture Military Components Amidst Auto Crisis
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Volkswagen, facing financial struggles due to increased competition and falling sales, has partnered with Israeli defense company Rafael Advanced Defense Systems and investment firm Aurelius Capital to manufacture military components at its plant in Lower Saxony, Germany. Starting in 2027, the site will produce parts for the Iron Dome system, military vehicles, missile launchers, and support equipment. This move comes amidst significant job cuts and portfolio reductions within Volkswagen's automotive division.
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