SEAT S.A. shared its full 2023 financial results earlier today while also outlining its plans for the future. Part of its strategy includes bringing its Cupra EVs over to the US market, beginning with the all-electric version of the Formentor crossover as well as a larger SUV.
For the first time ever, Volkswagen Group has shared detailed Q1 2023 financial results for its volume brand vehicles, including its namesake brand, Seat/Cupra, and its commercial division. The Group unit’s report shows promising growth in sales, profits, and most importantly, BEV deliveries. Here’s the latest.
Volkswagen Group sub-brand Cupra has been market testing the possible entry into the US market, according to SEAT Cupra CEO Wayne Griffiths. Cupra has expanded to new markets outside of Western Europe recently and has multiple all-electric models in its production pipeline in Spain as it looks to grow its recognition as its own standalone EV brand.
Thirty years ago to the day after opening its main production facility in Martorell, Spain, SEAT S.A. announced it will use the site as home to its largest transformation to electrification yet. Following an investment of three billion euros (~$3.2B), SEAT intends to lead development and become a small BEV production hub for a number of brands under the Volkswagen Group umbrella.
Seat, a Spanish automaker owned by VW, has unveiled the production version of its stunning electric hot hatchback: Cupra el-Born. Expand Expanding Close
Seat, a Spanish automaker owned by Volkswagen, has unveiled a new electric SUV concept with a 77 kWh battery pack based on VW’s new MEB platform under its Cupra brand. Expand Expanding Close
Volkswagen is planning to bring to market an all-electric vehicle for less than $22,500 under its low-cost Seat brand in Europe. Expand Expanding Close
SEAT, a Spanish automaker owned by Volkswagen, has unveiled a new concept behind one of the first Volkswagen all-electric vehicles based on the new MEB platform.
The sleek el-Born all-electric hatchback has 260 miles of range and it is going into production next year. Expand Expanding Close
Spanish automaker SEAT unveiled its new Minimó all-electric concept car at the Mobile World Congress today. A report claims there may be a production version of the vehicle in 2021.
Last Friday, Tesla issued a voluntary recall on all Model S’s manufactured in the past 3 years to check for a possible defect with the front seat belts. The reason for the recall is due to a customer in Europe reporting earlier this month that her seat belt disconnected when she turned to talk to someone in the back seat. The defect didn’t cause an accident and the seat belt has been repaired.Tesla already inspected 3,000 other Model S sedans, but the company didn’t find the same problem with any of them.
Nonetheless, Tesla decided to issue a recall on the Model S to check every single front seat belt as a precaution. The company referred to the cost of the recall as “immaterial” since it only requires owners to go their local service center for a short inspection. Owners who already completed the inspection are reporting that they were in and out in under 5 minutes, but to make it even less on an inconvenience, Tesla dispatched technicians to Supercharger stations to inspect the seat belts while the cars are charging. Expand Expanding Close
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