Volkswagen, one of the world’s largest automakers, just had itself checked by a larger power. According to a new report, Qatar just stepped in to flex its strength over the automaker. VW has a struggling factory in Germany, and it had the idea to partner up with an Israeli defense contractor. Now, that deal is evidently off the table.
According to Bloomberg and Germany’s Bild, Qatar Investment Authority (QIA) vetoed a proposed joint venture between Volkswagen and Rafael Advanced Defense Systems, the Israeli defense company behind Iron Dome. Bloomberg reports the partnership would have repurposed Volkswagen’s Osnabruck plant to manufacture military trucks used to carry elements of the mobile air-defense system.
Read Article