Automotive Industry

Spain's Seat is in trouble; VW's [euro]700 million investment is not enough, say analysts.

Automotive News Europe, December, 2005 by Stein, Jason

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Byline: Jason Stein

Volkswagen group's pledge to invest an additional [euro]700 million in its Spanish subsidiary Seat over the next three years is a stopgap, not a solution to the brand's problems, say analysts.

VW's planned new investment is a "clear disappointment," said Albrecht Denninghoff, an analyst at Germany's HypoVereinsbank.

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"The company had previously indicated that it would take more drastic steps for the struggling unit," Denninghoff said. "Either Seat should come up with a radically new concept, or admit failure and adjust to lower ...

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Automotive Industry

Spain's Seat is in trouble; VW's [euro]700 million investment is not enough, say analysts.

Automotive News Europe, December, 2005 by Stein, Jason

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