Volkswagen's SEAT brand still expects loss in 2007


FRANKFURT, July 27 (Reuters) - Volkswagen's troubled Spanish brand, SEAT, expects to remain in the red this year, the unit said on Friday. Earlier on Friday, Volkswagen posted results that showed SEAT managed to swing to a small operating profit of 4 million euros ($5.46 million) in the second quarter from a loss of 29 million in the year-earlier period. "The earnings improvement is a result of restructuring measures introduced by SEAT Chief Executive Erich Schmitt, which aim to bring ...

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