July 8, 2020 / 9:58 AM / a month ago

VW's SEAT plans five billion euros in investments in 2020-2025

BARCELONA (Reuters) - Volkswagen’s (VOWG_p.DE) Spanish brand SEAT said on Wednesday it plans 5 billion euros in investments in 2020-2025, mainly in new R&D, equipment and electric cars, after investing 3.3 billion in 2016-2020.

SEAT’s interim chairman Carsten Isensee said its main Barcelona plant will produce electric vehicles starting in 2025.

Reporting by Joan Faus; Editing by Ingrid Melander

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