Volkswagen's SEAT sees potential 2002 loss-magazine

Newswire

FRANKFURT, Sept 29 (Reuters) - Carmaker SEAT, a division of German giant Volkswagen AG , said it would be difficult to post a profit this year after problems with the production of its new Ibiza model, a German magazine reported on Sunday. "Our figures at the moment are below last year's, as we had problems switching over to the new Ibiza," Andreas Schleef, Chairman of the unit told Automobilwoche in an interview. "We won't achieve our targets this year - we can't make up for the lost ...

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