VW's Seat to cut jobs, add models -CEO in paper

Newswire

FRANKFURT, Jan 29 (Reuters) - Volkswagen's struggling Seat brand aims to cut more jobs and add models to reach 2018 targets, its chief told Frankfurter Allgemeine Zeitung newspaper. "Our targets for 2018 are doubling vehicle sales to 800,000 ... while ... expanding our model range as well as a return on investment of more than 15 percent," Seat Chief Executive Erich Schmitt said in an interview published on Tuesday. Schmitt plans to slash 700 more jobs -- 900 have already gone -- and ...

Premium Content (PAID Subscription Required)

"VW's Seat to cut jobs, add models -CEO in paper" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642
 

Current subscribers, please login or CLICK for support information.

Already registered? here.
Insights

Dec 6, 2016
Video
WardsAuto

2017 Wards 10 Best Engines: Falling in Love With 6-Cyl. Turbos

BMW and Ford each have two stout turbo-6s in the hunt this year, while Infiniti has one. All five are smooth, extremely refined, reasonably fuel-efficient and dishing up loads of horsepower and torque....More

Newswire

BMW Ordered to Pay A$77 Million in Australia Lending Case  

The Australian Securities & Investment Commission says the German automaker will compensate at least 15,000 consumers who may have suffered financial distress because of loans granted by BMW Australia Finance....More

Enewsletters

Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×