COINCIDING with a visit to the Seat Martorell facility by prime minister Rajoy on September 8, a senior representative of Seat which is owned by VAG announced they plan to spend €3.3 billion on equipment, facilities and R&D over the next four years.
Martorell which is situated within Catalonia is celebrating its 40th anniversary and according to a press release, it is one of the main pillars of industry in Spain and the largest company in the car industry, which currently accounts for 10 per cent of the country’s GDP. Seat contributes roughly 1 per cent to Spain’s GDP and 4 per cent to Catalonia.
With the forthcoming elections, the prime minister visited at a very appropriate time.
It is estimated that Seat provides direct and indirect employment to around 70,000 people.
This investment demonstrates the confidence that the company has in its future development in Spain and will also have a positive impact on the auxiliary industry as it will significantly increase the supply of parts and components manufactured in Spain.
According to the press release, Seat is the only carmaker which, bolstered by its own Technical Centre, has the capacity to design and develop vehicles in Spain. In the last five years, the company has spent 1.4 billion euros on R&D and one of its future projects will be to develop an SUV to rival the popular Nissan Qashqai.