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Automotive Industry
Industry: Email Alert RSS FeedSeat needs time to reach earnings target.(News)
Automotive News Europe, May, 2003
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Byline: Pia Krix
Seat is still a long way from achieving the 9 percent return on investment demanded by Volkswagen group management.
Seat President Andreas Schleef told sister publication Automobil-woche that it might take the Spanish carmaker "three to five years" to meet the targets set by VW group Chairman Bernd Pischetsrieder.
Last year Seat achieved a return on investment of about 2.5 percent.
Schleef is trying to revive the fortunes of VW group's problem child.
The German carmaker first bought a stake in Seat in June 1986 and took full control in ...
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