Volkswagen (VW) is in talks with the Israeli defense firm Rafael Advanced Defense Systems over a possible collaboration which would see production switch from cars to defense equipment at a key VW plant, according to a report in the Financial Times.
The exclusive report in the newspaper, quoting people familiar with the plan, says the companies plan to convert Volkswagen’s struggling Osnabrück plant into a facility which makes components for the Israeli state-owned company’s Iron Dome air defense system.
