Transportation

Volkswagen Eyes Defense Role as Europe Bolsters Arms Spending

Volkswagen CFO on Tariffs, Capital Allocation, Economy

Volkswagen AG is prepared to support the ramp-up of Europe’s defense capacity as the region’s decades-long military alliance with the US becomes increasingly brittle under President Donald Trump.

No concrete discussions have so far taken place, but the German carmaker is ready to advise other manufacturers on the development and production of armed vehicles, Chief Executive Officer Oliver Blume said Tuesday during the company’s annual media conference in Wolfsburg.