SEAT in hot soup?
Volkswagen is in crisis lately, hit by a strong Euro and weak sales. Some of it’s measures to counter this are plans to cut down it’s workforce by almost 10,000 German jobs, which could make a huge difference in high-wage Germany. It is also planning to assemble it’s next SUV in Portugal instead of Germany.

SEAT Ibiza
Which brings us to money-losing SEAT. Volkswagen owns the Spanish brand SEAT which makes sporty cars. Kind of reminds me of Alfa Romeo or Mazda. Click here to read the rest of SEAT in hot soup?

Der Spiegel has reported that Porsche is preparing to purchase 20 percent of Volkswagen AG shares to become the main shareholder in the company.
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