Subscribe
Automakers

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.

Featured Stories

What automakers are saying about vehicle prices with tariffs in effect
What automakers are saying about vehicle prices with tariffs in effect
Young technician grateful for his mentor
Young technician grateful for his mentor
Volvo CEO Hakan Samuelsson promises new model, increased autonomy for U.S. business
Volvo CEO Hakan Samuelsson promises new model, increased autonomy for U.S. business
Will Carvana be ready for the next market shift with tariffs? Confidence is there
Will Carvana be ready for the next market shift with tariffs? Confidence is there

Latest News

Jaguar Land Rover is pausing car exports to U.S. on tariffs
Tesla’s software engineering head is said to depart EV maker
Volvo CEO Hakan Samuelsson promises new model, increased autonomy for U.S. business
Live updates on tariffs: Ford, Stellantis offer employee discounts; China retaliates; Mexico seeks solution
Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

Don Romano’s ‘wild ride’ at Hyundai Canada
U.S. senators seek to rein in Trump tariff authority
Europe reacts as Trump’s 25% auto tariffs take effect
What vehicle parts are now subjected to tariffs? Powertrain, suspension, safety and more
Staying current is easy with newsletters delivered straight to your inbox.