VW to use SEAT cars to woo young urban Chinese buyers
Volkswagen Group who owns the Spanish ‘Seat’ car brand will target young, urban customers when it launches sales in China.The Spanish-based automaker will start selling sporty, more expensive versions of its Leon and Ibiza models in China in early 2012. Seat is presenting its sporty models at the Shanghai auto show in April to broaden awareness of the brand in the world’s largest auto market.
Within the VW Group brand portfolio, Seat specializes in compact cars with a sporty performance. Seat hopes that selling cars in China will help restore the brand to profitability and boost capacity at its underused factory in in Martorell, near Barcelona. About 335,000 cars were built at the 500,000-capacity plant last year. Seat has not ruled out local production for the Chinese market in the long term. According to a report by IHS Global Insight, VW will initially import Seat models into China, then launch production at its new joint venture plant with FAW Group in Foshan in southeast China’s Guangdong province. The factory will be completed in 2013.
Last year, Seat sold 339,500 cars worldwide, with 323,600 units sold in Europe. The subsidiary sold 13,400 units in Mexico, and 2,500 in South America. Seat sells its cars in more than 70 markets. The company has not pursued earlier plans to sell Seat models in Brazil and is not considering entry into the U.S. market. The brand has been hit hard by the economic slump in its home market and had a slight recovery last year, narrowing its operating loss by 28 million euros to 311 million euros. VW Group currently markets the VW, Audi, Lamborghini and Skoda brands in China.
About the Author
Daniel Sherman Fernandez www.dsf.my is a service to the public and other website owners. www.dsf.my is not responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to, or reliance on any information contained within the site www.dsf.my. While the information contained within the site is periodically updated, no guarantee is given that the information provided in this website is correct, complete, and up-to-date. www.dsf.my is not responsible for the accuracy or content of information contained inside.
Related Posts
MeatMore And Mortlach’s Happy Work Hour Is For The Discerning Professional →
Ford Backup →
International Dog Day was yesterday. Did you forget? →
