“This is an excellent piece of news, since it takes Seat into a new territory, in one of the largest and fastest growing segments in the world”, Seat chairman Jürgen Stackmann today said at the company’s Annual Results Press Presentation.
“The SUV is an important pillar in the future corporate strategy and is a major step forward on the road to reaching sustainable profitability for the company,” the executive added.
The SUV segment makes up close to one million cars a year in Europe alone and is expected to continue to grow in the future. Seat says the new SUV will be developed by its technical center at Martorell, but doesn’t mention anything the location of the production site.
By Dan Mihalascu
Note: Seat IBX concept pictured