VW wants to sell Seat to Fiat

Discussion in 'European Cars' started by sakiss, May 10, 2006.

  1. #1 sakiss, May 10, 2006
    Last edited by a moderator: Apr 25, 2016
    ]http://www.hispanidad.com/noticia.aspx?ID=11978[/url]

    Translation from babelfish

    Volkswagen wants to sell SEAT to FIAT
    In the absolute secret, the people in charge of AUDI, commanded by Martin Winterkorn, estimate to the Italians. Before retiring, Ferdinard Piëch has insisted on fitting accounts with Spain. To the Council of Monitoring of VW, the ERE of SEAT seems to him insufficient. While, the renewed president, Bernd Pischetsrieder, already have given the approval to the substitution of SEAT by SKODA like manufacturer of tourism of the Group: the German multinational insists on its system to debilitate to SEAT at the cost of investing in the mark, which sentences to him to the permanent agony of the red numbers The past month of January, the maximum person in charge of AUDI (sub-group of the Volkswagen multinational in that Integra the Spanish company/signature empelados SEAT and their 14,000) declared to the specialized magazine Automobilwoche that entered within its plans neither the sale nor the closing of SEAT: "we will not sell it" assured, to the time that rejected the option of the closing like absurd: "To close a mark as this one would not have sense from the economic point of view". That yes, its explanations about the alternatives to a company to which it was forced (we spoke of January of the present year) to a file of group regulation that would affect 1,400 employees, the 10 percent of the group, total, in spite of the subventions received by the Spanish Government and from the accumulated fiscal credit, they were much more vague: "We will present what we will do with SEAT when we have all the details. We are working in diverse plans so that SEAT is successful in the future ". Nevertheless, when the journalist inquired of what plans she spoke, Winterkorn returned to remember the old fable of a SEAT turned center of design or constructor of sport: "the strategy of which SEAT constructs sport vehicles is definitively correct". The only problem is that of the 14,000 employees of the factory of Martorell (calculates that that supposes more than 3,000 indirect uses in the auxiliary industry) it would be enough whereupon remained 500, maximum 1,000, after a reconversion of this openwork. In any case, of January to May the things have changed much. Now Winterkorn negotiates with the Italians of FIAT that remains with SEAT. The Germanic multinational already knows clearly that his manufacturer of tourism is the Skoda Czech, where the wages are inferior to the Spaniards and the quality of very similar manufacture. But as the method to reduce SEAT to manufacturer of sport cars or center of design is very slow, and it causes confrontations with the Spanish Government, the best thing is to decide on the sale. This way, nobody will be able to throw to him in face to VW that have profited with the subventions of the Spanish Government and the independent communities of Catalonia and Navarre (another great problem) Thus, also, the president of VW, Bernd Pischetsrieder, will be able to say that he did not lie when he promised to the minister of Industry, Jose Montilla, who would not close SEAT. He does not close it: he sells it. However, the true enemy of SEAT is not the president of the Committee of Direction, but Ferdinand Piëch, who representing to the first deprived shareholder of VW. Its antagonism towards SEAT towards Spain comes from the times of Lopez de Arriortúa, the man whom, according to the feeling of Piëch, it placed to him in the precipice when facing to him the North Americans of General Motors. Finally, Pischetsrieder has been able to get rid of Piëch, that has fixed date of retirement, but this one is arranged to die killing. Killing SEAT, without going more far. In the meantime, the German multinational continues without investing in mark SEAT, specially continues without opening markets to him. That means that the Catalan factory is the condemned to continue in number red and to confront a slow agony that offers to Volkswagen the best argument to continue tightening the nuts. It is clear that the fastest way to get rid of the "problem" is to sell it to it to the Italian factory FIAT, indeed, the mark with which SEAT was bound historically. While, the Government Zapatero neither knows nor answers.
     
  2. Since Seats originally were fiats that makes sense. Sell it i say.
     
  3. Will Seat start to make something else than MPV under Fiat?
     
  4. Spain is a huge car market with about 1.500.000 car sales each year and tradionally each Grpoup obtains Seat is in top of European sales.VW does not want Seat cause it has Scoda to play the same role.In 1948 spanish geverment and Fiat established Seat and one and a half year later (1950) the first Seat 1400 was introduced.Fiat left Seat in 1980 cause of Ronda and Marbella.

    Nowadays Fiat Group has the less percentage debt among all the European manufactors with production over 1.000.000 cars each year�also it is the most profitable Group for the first semester of 2006.VW is deep in debt (bad sales in US and lots of wasteful models) and thanks to good sales of Touareg is for now safe from a bankruptcy�.for example� Phaeton/bugatti veyron (it costs in VW more than lupo/arosa)/A2/�the exclusive factory for the construction of alouminum chassis in inolstadt looses money cause cannot be profitable with only 15.000 A8 and 2000 chassis for Gallardo/Lot of money were spend in 3L/Golf Plus/Golf 5 less sales than the previous generation/Touran after sales of the first semester in away from its competitors sales/Toledo- lupo/arosa flopped.Only new Passat, lamborghini & bentley brings profit to Vag.All this situation gave Porsche�s the chance to buy 19% of Vag and become its basal shareholder.Gm is also in worst position.Like Marchionne said Fiat Group is missing an economy brand and that is the role seat will have. C segment models of Seat are new so they will not be replaced (compact platform could be used in 2 versions with 2.6m and 2.7m wheelbase).Seat�s takeover from Fiat depends from VW�s proposal and what Spain Government will offer in Fiat as a trade off.
     
  5. Well, that source is not really trustable (sensacionalist far-right site), yet I do believe VW may want to get rid of Seat. The fact is, Fiat has absolutely no need for Seat right now, and Seat can't offer hardly anything valuable to Fiat. It would make more sense that a group of Spanish businessmen bought Seat from VAG.
     
  6. No major company is going to buy seat, the license fees from VAG alone for the technology, engines and parts, would make it the worse deal of the century. That being said GM might make an offer <A BORDER="0" HREF="http://www.supercars.net/PitLane?displayFAQ=y"><IMG BORDER="0" SRC="pitlane/emoticons/tongue.gif"></A>
     
  7. seat have come up with some crap designs lately so i tink they should sell it and quick!!!!
     

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