700 million Euro for Seat


Alx

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Alex
It seems that the subjects of gossip on the imminent sale to the Chinese / incorporation of Seat were exaggerate to you.

Volkswagen has promised that it will invest 700 million? in three years in order to restructure and to revitalize the Spanish brand. The program is called "Nueva Seat".

It is not understood how many of these moneies are assigns you to the development of new models and how many are assign to you to make to accept the plan of 1.400 lay-offs, than the Volkswagen group it thinks necessary because of the decrease of the Seat sales in the last years (from 516.000 blots some in 2000 to the 390,000 waits for this year).
 

SEAT

SEAT S.A. (Sociedad Española de Automóviles de Turismo lit. 'Spanish Touring Automobiles Company') is a Spanish car manufacturer, that sells its vehicles under the SEAT and Cupra brands. Founded on 9 May 1950, and after being listed as an independent automaker for 36 years, the Spanish government sold SEAT to the Volkswagen Group in 1986, and it remains a fully owned subsidiary of the Group. The headquarters of SEAT S.A. is situated in Martorell near Barcelona at the company's industrial complex.
Official websites: SEAT, CUPRA

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