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Rheinmetall to convert German factories to make defence equipment (www.reuters.com)

submitted 2 months ago by [email protected] to c/[email protected]

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Europe's political leaders, sidelined in U.S.-Russia talks over Ukraine, came together at last week's Munich Security Conference that served as a wake-up call for the EU to come up with its own sustainable defence plan. Rheinmetall's (RHMG.DE) defence expansion affects its factories in Berlin and Neuss, where the company currently makes automotive parts, a business that has faced challenges as Germany's carmakers battle high costs and competition from abroad.

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[–] [email protected] 2 points 2 months ago

Honestly a smart way to pivot the dying car industry though