Until the Qataris intervened and sank the deal!
Israel needs more manufacturing capacity for Iron Dome components. Volkswagen, having failed to establish itself as a leader in electric vehicles and bleeding market share to Chinese imports, has capacity to spare. So the two problems found each other: Volkswagen’s management board green-lit converting a production line to defense manufacturing under a deal with Israel’s Rafael, saving thousands of German jobs in the process. A win-win.
Until the Qataris intervened and sank the deal.
Why do the Qataris have a say in what German factories build? Because, according to Bild, the Qatari sovereign wealth fund holds 10.4 percent of Volkswagen’s shares and 17 percent of its voting rights—and it vetoed the deal for one reason: the company slated to manufacture at the plant is Israeli. Qatar spent years funding Israel’s enemies and is now spending its equity blocking Israel from intercepting the missiles it paid for.