国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Auto Global

VW ousts CEO of loss-making Spanish Seat division

(Agencies) Updated: 2013-04-18 10:52

BERLIN - Germany's Volkswagen has said it would replace the chief of its Spanish brand Seat, suggesting Europe's biggest car maker was growing impatient with its constantly loss-making division.

CEO James Muir, who hasn't achieved a profit since taking the helm of Seat in September 2009, will be replaced by VW group marketing chief Juergen Stackmann as of May 1, Wolfsburg-based VW said in a statement.

VW gave no reason for the move, merely saying that Muir had helped further Seat's restructuring and would assume a new role at group level. Spokesman Markus Schlesag declined to elaborate.

"VW will never make any money with Seat," said Ferdinand Dudenhoeffer, head of the Center for Automotive Research at the University of Duisburg-Essen. "It's a redundant brand and VW is growing unhappy with things, but swapping the CEO isn't going to make Seat any more healthy."

Battered by the slump in austerity-strapped Spain, where car registrations have been falling for years, Seat is the only one among VW's stable of five main passenger car brands to be stuck in the red, 2012 group results published on March 14 showed.

VW, which bought Seat in 1986 to increase its exposure to the then fast-growing Spanish market, has been trying for years to overcome losses caused by underutilised capacity at Seat's main factory in Martorell.

VW moved production of the Audi luxury division's Q3 compact SUV to the Spanish plant in 2011 to boost output.

Cost-cutting measures, a raft of new models and introduction of Seat vehicles to China did help to narrow the loss at Seat by almost a third last year to 156 million euros ($204.11 million).

VW finance chief Hans Dieter Poetsch has said that Seat might return to profit this year. He backpedalled ever so slightly last month, though, when he told the Frankfurter Allgemeine Sonntagszeitung that it remains unclear whether Seat would return to the black in 2013.

Hot Topics

Editor's Picks
...
芒康县| 平江县| 河池市| 商丘市| 齐齐哈尔市| 广汉市| 夏津县| 清河县| 久治县| 自治县| 仙游县| 德令哈市| 公安县| 建昌县| 镇远县| 漳浦县| 贵德县| 莲花县| 水富县| 诸暨市| 荔波县| 秦皇岛市| 金堂县| 怀柔区| 无棣县| 同德县| 双辽市| 钟祥市| 尼木县| 乡宁县| 建瓯市| 丰顺县| 山阳县| 卢龙县| 建德市| 商城县| 水城县| 道真| 明水县| 获嘉县| 赤壁市|