Volkswagen intends to shut down the Seat brand by 2029, according to a confidential plan to which a German publication had access. This decision comes as part of an ambitious cost reduction program that includes more than 100,000 layoffs.
Seat thus becomes the first victim of this deep restructuring of the German group. The Spanish brand, which has been entirely owned by Volkswagen since 1986, would thus face its definitive end.
This plan is part of a broader strategy to simplify and consolidate the automotive conglomerate, which seeks to reduce its operational cost structure in the face of current challenges in the automotive sector.
