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Spanish carmaker SEAT a and PowerCo supplier annoounced historic 10-billion-euro investment to transform Spain into a European hub for electric mobility.
The head of Volkswagen Group’s Seat brand, Luca de Meo, is stepping down with immediate effect. De Meo will be replaced by the brand’s finance chief, Carsten Isensee, until further notice, Seat said in a statement on Tuesday.
Volkswagen Group’s Spanish brand, Seat, restarted production on Monday after the automaker was forced to halt output last week amid civil unrest in Barcelona.
Volkswagen Group’s Spanish division, Seat, on Tuesday reported its highest first-quarter sales since 2001 on double-digit growth in Spain, Germany and Britain.
Volkswagen Group’s Spanish brand Seat finally contributed to group earnings in 2016, swinging to a profit after years of chronic losses and nearly matching the return at its German sister brand VW.
Among group car brands Skoda’s volume rose most in 2016 with a 6.8 percent increase. Porsche sales jumped 5.6 percent, Audi sales were up 3.8 percent, VW brand’s volume rose 2.8 percent and Seat’s sales increased 2.6 percent.
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