Unfortunately, if my memory is correct, this did not work out too well the last time.  The irony thickens when you look at the brand name Volkswagen, and how they got their start.

[SOURCE]

GERMANY – Volkswagen (VWAGY) has agreed to sell its Osnabrück plant in Germany to Israeli investor Aurelius Capital and the state of Lower Saxony, paving the way for the factory to shift from car production to defense manufacturing.

Vehicle production at the plant is scheduled to end in summer 2027. Aurelius would become the majority owner alongside Lower Saxony, with the aim of preserving the site and a large part of its workforce.

The new owners plan to develop the site gradually into a competence center for security and defense solutions. Aurelius and Lower Saxony are planning an initial anchor project with Israel’s Rafael Advanced Defense Systems in air defense, with further industrial partnerships and projects expected to follow.

The project could involve producing air-defense systems and components for Germany and Europe. About 1,400 of the plant’s 1,800 jobs could be preserved, according to labor officials. {source}

German Chancellor Friedrich Merz and NATO General Secretary Mark Rutte