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VW plans to phase out Seat brand amid deepening crisis

Volkswagen has cut its 2026 operating margin forecast to just 1% at best, down from a prior target of 4% to 5.5%, as roughly €10 billion in one-off charges — including a €6 billion writedown on its Porsche stake —…

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Volkswagen moves to phase out Seat brand by 2029

Volkswagen Group is considering retiring its 76-year-old Spanish brand SEAT by the end of 2029, according to an internal management board resolution first reported by the German business magazine WirtschaftsWoche on Thursday.