Seat warns that investment in electrification is at risk due to lack of political commitment

The CEO of Seat and Cupra, Wayne Griffiths, has taken advantage of the presentation of the annual results of the only comprehensive vehicle manufacturer in Spain to warn the Government that investments in electrification and the maintenance of employment of the Volkswagen group in the country are at risk.

Oliver Thansan
Oliver Thansan
20 March 2024 Wednesday 16:22
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Seat warns that investment in electrification is at risk due to lack of political commitment

The CEO of Seat and Cupra, Wayne Griffiths, has taken advantage of the presentation of the annual results of the only comprehensive vehicle manufacturer in Spain to warn the Government that investments in electrification and the maintenance of employment of the Volkswagen group in the country are at risk. due to the lack of commitment of Pedro Sánchez's Executive. "In Spain I am concerned about the lack of political stability and institutional normality," said the manager of the Volkswagen subsidiary before adding that certain "statements create confusion."

Griffiths, who is also president of Anfac, has detailed that "Seat and Volkswagen invested more than 10,000 million" in Spain and has specified that "we are fulfilling our commitments." On the other hand, the British manager added that "we do our homework but we cannot say the same about the EU and Spain."

The criticism was launched after reporting that the company earned 548 million euros according to Spanish accounting. The business volume in 2023 was 14.3 billion.

During the press conference, asked about the possibility of getting a new electric model assembled at the Martorell factory, Griffiths pointed out that first it is necessary for the Government to manage to reduce the renewable energy bill and solve the problem of "absenteeism." .

Griffiths took advantage of the presentation of the results to specify that despite what had been speculated in recent months, the group will maintain the Seat brand for now. Griffiths has specified that it will invest in the renovations of the Ibiza and Arona models, and the updates of the León and Ateca.