A German outlet alleges Volkswagen Group will discontinue Seat, the Spanish car brand, by the end of the decade.
VW Group’s management board has reportedly approved the decision.
The automaker’s supervisory board will see the proposal on September 4.
If the report is accurate, Seat, the Spanish car brand owned by Volkswagen Group, will be gone by the end of the decade. The German auto conglomerate is facing a series of challenges that are forcing it to make some tough decisions, and apparently Seat is not making the cut.
The German publication WirtschaftsWoche has allegedly obtained internal documents that detail the Group’s plan to phase out Seat "by the end of 2029 at the latest." The document apparently reads that "continuing Seat in its current form would tie up additional resources."
