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Story summary
- Volkswagen will exit its Osnabrück plant to enable a joint venture with Israel's Rafael.
- Lower Saxony will invest at least €200 million in the partnership on the site.
- Volkswagen will sell the plant to a consortium of Lower Saxony, Aurelius Capital and Rafael.
- The site, employing about 2,300 workers, will cease car production in late 2027.
- The venture will produce launchers, transport vehicles and generators for the Iron Dome system.
