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Seat News

Volkswagen shares rise 6% on board approval of sweeping cost cuts and job reductions

Volkswagen shares jump 6% on cost cuts, job cuts

Volkswagen to Cut 50,000 Jobs, Reduce Production, and Review German Plants

VW to Cut 50,000 Jobs, Review German Plants

Volkswagen to phase out Seat brand by end of 2029, focus on Cupra

VW to end Seat brand by 2029, boost Cupra

VW to end Seat brand by 2029

Volkswagen's board plans to phase out the Seat brand by the end of 2029 as part of significant cost-cutting measures. The decision impacts thousands of jobs and is set for review by the supervisory board.

Seat is a Spanish automobile manufacturer that operates as a subsidiary of the Volkswagen Group.