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


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 ...

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