
Struggling German carmaker Volkswagen is in talks with defence firms to repurpose a plant in northern Germany for the production of military transport equipment, the firm's boss said Friday.
Europe's biggest auto manufacturer is battling a crisis due to factors ranging from a stuttering shift to electric cars and fierce Chinese competition, and the 10-brand Volkswagen Group is in the process of cutting 50,000 jobs by 2030.
As part of the savings plans, car production is due to end at a factory in the city of Osnabrueck, and the group has been exploring other uses for it.
"We are in contact with various defence companies," Volkswagen Group CEO Oliver Blume said at a congress organised by the FAZ newspaper in Frankfurt.
"This could also be a solution for Osnabrueck," he added.
The Financial Times reported this week Volkswagen is in talks with Israel's Rafael Advanced Defence Systems to switch production at VW's Osnabrueck plant to make components for the Iron Dome air defence system, including heavy-duty trucks and electricity generators but not the projectiles themselves.
Volkswagen could benefit from the expansion into the defence sector, which is booming as Europe re-arms. That could help offset losses at its carmaking business, with profits last year at their lowest for almost a decade.
Blume however insisted that Volkswagen was "not concerned with weapons systems".
"The Volkswagen company's activities in the defence sector would rather focus on military transport, because that is our core competence."
Volkswagen's Osnabrueck site currently employs about 2,300 people making the T-Roc Cabriolet as well as the Cayman and Boxster for sister brand Porsche.
The agreement to wind down production there was part of an agreement struck with unions at the end of 2024.
Asked about the FT report earlier this week, a government spokesman declined to comment directly.
But he noted that "the automotive industry is undergoing a transformation and faces intense international competition."
"We naturally welcome initiatives that secure jobs in Germany."
vbw/sr/gv
latest_posts
- 1
Gov’t approves millions for border cities in North under Hezbollah fire - 2
The most effective method to Alter Your Savvy Bed for A definitive Rest Insight - 3
Manual for Tracking down One of a kind Store Inns - 4
Mom finds out she has cancer after noticing something was off while breastfeeding - 5
EU Commission prepares €90bn Ukraine loan despite Hungary's veto
Nature's Best: A Manual for Beautiful Train Rides
Artemis will take Americans to the moon for the 1st time since 1972. Why has it been so hard to go back?
Watch Rocket Lab launch Japanese technology-demonstrating satellite to orbit tonight
See the moon shine with Saturn in the southern sky after sunset Dec. 26
The Fragrant Small Tree Birds & Pollinators Love With Stunning Flowers In Summer
4K televisions for Extreme Film Watching Experience
Zendaya serves bridal-coded fashion with old, new and borrowed gowns for ‘The Drama’ press tour
Vote In favor of Your Number one Game Control center
Material of Innovativeness: A Survey of \Releasing Your Imaginative Potential\ Online Workmanship Course













