Seat going back spanish

Posted on August 20, 2007 
Filed Under Seat

seat leon

A group of spanish investors want to buy the Seat brand,a part of the Volkswagen group.The corporation formed arround the Berge group,a spanish impoeter for Lexus, Hyundai, Subaru, Bentley and Chrysler announced that it is in the middle of negociations with VW officials for the aquisition of the spanish brand.
Ferdinand Piech,the VW boss said that Seat isn’t a priority for the germans anymore and that they want to focus on Skoda because the produsction costs are lower in the Cech Republic.
According to german officials the Seat facilities don’t aren’t worth any VW investments and that is another clue that they want to sell it.
VW had offers to sell Seat from a coreean group and the Fiat group.
The people involved in the spanish corporation already met with Piech to discuss a posible tranzaction but the VW boss that he won’t give any details by the end of the year.

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