German defense firm Renk looks to struggling auto sector for new talent as it scales up

German defense firm Renk looks to struggling auto sector for new talent as it scales up

To keep pace with this soaring demand, defense companies like Renk, Hensoldt, Rheinmetall are looking to collaborate with the automotive industry.

Germany's auto industry is in recession, while defense companies are experiencing an unprecedented boom. Thousands of jobs in car factories are disappearing, opening the door for the defense sector, which is now actively attracting engineers and experts from the auto industry. Analysts say it is a "historic opportunity" to connect the two seemingly disparate sectors.

If there's any country that's crying out for investment in heavy industry, it's Germany. Tanks instead of cars – the idea has been floated throughout the spring. But so far, nothing concrete has happened.