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VW's Seat brand reports $54M loss in Q1; says Q2 will be worse

Seat_Martorell_Leon_production_2020
Production at the Seat's plant near Barcelona has almost returned to pre-pandemic levels.
JF
By:
Joan Faus
|
R
By:
Reuters
July 08, 2020 10:07 AM

BARCELONA -- Volkswagen Group's Spanish brand, Seat, reported a 48-million-euro ($54 million) loss in the first quarter of 2020 due to the coronavirus pandemic and said the second quarter will be worse.

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