Volkswagen's Seat seeks return to profit with new models, cost cuts

Volkswagen's Seat seeks return to profit with new models, cost cuts
 

Volkswagen's (VOWG_p.DE) long-struggling Spanish division Seat said it may return to profit this year for the first time since 2008 and stay there through 2018, benefiting from demand for new and redesigned models.
Cost cuts and sales of models with higher trim levels helped Seat increase first-half operating profit to 93 million euros (£80.05 million) from 52 million a year earlier, its best-ever six-month result.
The new Ateca, Seat's first sport-utility vehicle being rolled out across Europe this year, will help second-half sales and volume should grow further in 2017 thanks to revamped... read more

 
30 September 2016 in Business, Views: 38
Source: Reuters
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