Volkswagen, one of the world's leading producers of automobile in Europe, has expressed its willingness to consider manufacturing equipment for the German military as part of Europe's rearmament efforts.

CEO Oliver Blume stated that the company would 'look at the concepts' if approached, although no specific discussions have yet begun. 'Given the current geopolitical situation, what we are seeing now in Germany and Europe are exactly the right decisions,' Blume said.

Since 2019, the number of new car registrations across the European Union has dropped from 15.1 million units to 10.6 million units, according to the European Automobile Manufacturers’ Association.

Meanwhile, defense companies such as Rheinmetall and KNDS Group are already repurposing car parts factories to produce weapons amid growing security concerns in Europe.

Volkswagen recently reported a 15% decline in profits to €19.1 billion for 2024, down from €22.5 billion the previous year. The company is also undergoing a major transformation, which includes cutting 35,000 jobs in order to remain competitive against Chinese producers.