Volkswagen has decided to reduce production capacity at its troubled Spanish unit Seat at the expense of its profitable luxury unit Audi, CFO Hans Dieter Poetsch said.
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In the future, Audi cars will also be assembled at Seat’s production site in Spain, Financial Times Deutschland said.
Seat has been in the red for a long time already, causing a concern for the VW group. In the first nine months of the year, Seat suffered an operating loss of EUR218m, although it managed to increase sales by 10.6% to 260,000 units.
Volkswagen unit Bentley also suffered an operating loss of EUR145m in the period January to September 2010.
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