VW brand Seat shrinks net loss in 2006

Newswire

BARCELONA, Feb 22 (Reuters) - Spanish carmaker Seat, part of German group Volkswagen , made a net loss of 49.1 million euros ($64.5 million) in 2006, less than its 62.5 million euro loss the previous year, it said on Thursday. Revenues ticked up to 5.54 billion euros from 5.27 billion in 2005. Seat fell into loss in 2005 after a decade of positive results. Seat's factory in Martorell, near Barcelona, produced 408,000 cars last year against 385,000 the year earlier. Car sales rose 1.9 ...

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