SEAT SEAT, S.A. Subsidiary of Volkswagen Group. Instituto Nacional de Industria. Europe, Africa, Central America, South America, Middle East, Asia

Similar documents
IT BEGAN WITH A SURPLUS IN 1952

Increase of the sales by 33% mainly due to the Safelite acquisition

I remind you that our presentation is available on our website. We can start from the first 2 slides that show Piaggio Group First

Strategy Implementation of VOLKSWAGEN

SPAIN Valentin Huerta Industrias Huerta S.A., Madrid

chassis and made a number of minor body changes to allow the use of R8 mechanicals.

Keep your engine younger for longer

DANIEL BROWN. Professional Racing Driver.

Dissolution of the Alliance with Goodyear Tire & Rubber Company

ON THE MOVE WITH ANNUAL SUMMARY in numbers and images 06

Continuity in internationalization: BOGE Rubber & Plastics on track for further growth

KASPERSKY MOTORSPORT BLANCPAIN GT SERIES SPONSORSHIP PROPOSAL

FACT SHEET: Press Releases and Project Overview DAIMLER & RENAULT-NISSAN ALLIANCE. Press releases (one-sided press releases are marked with [ ])

Volvo. Volvo Cars is the passenger vehicle maker now owned by Ford Motor Company, using the Volvo Trademark. AB Volvo. Worldwide

First Quarter Report January to 31 March 2007

ZF posts record sales in 2017; announces increased research and development activities

VEHICLE SALES AND RECESSIONS

INVESTING IN GLOBAL GROWTH OPPORTUNITIES AND CHALLENGES FOR UK SUPPLY BASE.

1959 March Production commences at Yulon Motor Co., Ltd. in Taiwan, the Company s first overseas KD factory.

Respect for customers, partners and staff. Service: another name for the respect that a company owes its customers, partners and staff.

RACE TEAM Structure: 2016

EnBW market entry offshore wind in Taiwan: - Acquisition of 37,5% stake in 2 GW pipeline - Joint development with Macquarie Capital & Swancor

Analysis of BMW against Audi and Toyota. Name of student: Admission: Course: Institution: Instructor: Date of Submission:

Keynote from Andreas Renschler, CEO Volkswagen Truck & Bus GmbH and Yoshio Shimo, President & CEO Hino Motors Ltd.

PORSCHE CUP 2018 REGULATIONS. A competition for Porsche race drivers. Season 2018

Earnings conference call. Q4 and Full year 2015

Official name: Peugeot S.A. Owned by: PSA Peugeot Citroën.

Reasons for Decision

Volkswagen Group Capital Markets Day 2017 Volkswagen Truck & Bus

JAC CONSTABLE MOTORSPORT MARKETING

BOGE Rubber & Plastics achieves record sales and extends its product portfolio with Fiberreinforced rubber-elastic coupling

Automotive industry: The world is growing in line with its main markets, China and the United States, while Europe continues its decline in 2013

Global Auto Components Market Report

New 950 million euro turnover record

ADP!AALTO FULL SPEED AHEAD! A presentation to the CEO of Harley Davidson 1/10/2019. Matti Karjalainen Patrick Timmer Lauri Hanninen Tommi Bergstrom

Q revenue up +2.3% at constant exchange rates

PRESS RELEASE. ŠKODA continues its success in 2017

COMPETITION TRIBUNAL OF SOUTH AFRICA. Porsche Automobil Holding SE Acquiring Firm

The Ex - AF Corse, Murphy Prototypes, Le Mans Veteran 2013 Oreca 03 R LMP2 Chassis Number: 18

PKC Group establishes Joint Venture with JAC. Matti Hyytiäinen, President & CEO

First in Mind First in Choice. Capital Markets Day 2006 Gunnar Brock, President and CEO

Laying the Strategic Foundation for the Volkswagen Group

First Quarter Report January 1 to March 31, 2008

Harley Davidson. Navigating the Road Ahead EAST COAST GLOB AL CONSULTING

Mobility. Dominik Guľáš, Pavol Koval Care for the environment at school - A comenius project

The Global Car Rental Market To 2018

A century of history

Establishment of Joint Venture with PSA for EV Traction Motor Business

Volkswagen Truck & Bus and Navistar enter into a strategic alliance. September 6, 2016

1962 Lotus 24 BRM Chassis No. 946

Investor Relations Release

PKC Group Establishes 50-50% Joint Venture with Jiangsu Huakai Wire Harness Co. Ltd. Matti Hyytiäinen, President & CEO

Company Profile. Together for a better life

No.1 SUV Brand in China is making history! Issue 1

Check against delivery

Qoros 3 Sedan Awarded Five Stars And Is Amongst The Very Best Ever Tested by Euro NCAP

Molitor Racing Systems

Cooper Climax T53. Scalextric C.2639A Cooper-Climax T53 - Jack Brabham, Portuguese Grand Prix 1960.

Press release on the business development of the MAHLE Group in 2013

PRESS RELEASE 10:00 GMT, 21 st March 2016 London, UK

BMW Group Investor Relations.

Tata Motors in partnership with DRB-HICOM launches three new commercial vehicles in Malaysia

(Note: copyrighted material provided for your viewing pleasure. Not to be copied or reproduced. Thank you!)

Mazda Motor Corporation June 17, 2011

The Nissan Case. Ryoichi Imai

Earnings conference call Q4 & FY 2016

Encuentro de Empleo y Emprendimiento (UPNA) 5/10/17

Acura ACURA. Type Division Founded 1986 Headquarters Tokyo, Japan. Dick Colliver, V.P., Acura USA. Key people. Automotive.

Outlook for North American Production

PRESS RELEASE 9:30 GMT, 26 th February 2018 London, UK

Electric Racing for Students

Company presentation COR-GN-PR-EN-21

Chapter 2 Type 3 Scripts

Cantrell & Associates

Steering Columns System - Global Market Outlook ( )

Automotive Report August, 2014

Manuel Vázquez Montalbán,

XTERRA is committed to becoming the leading lifestyle and adventure sports brand in the world.

Earnings conference call

Third Quarter Report January 1 to September 30, 2009

Mercedes announces innovation lab as it opens Sandy Springs HQ

INTERNATIONAL COURT OF APPEAL (I.C.A.) OF THE FEDERATION INTERNATIONALE DE L'AUTOMOBILE (F.I.A.)

Renault heads the volume brands in Europe as average new car CO 2 emissions continue to fall

BLANCPAIN GT SPORTS CLUB SPONSORSHIP

July 2014 Kagiso Asset Management Quarterly

The World s Largest Injection Moulding Machine Manufacturer

The Pure Play Tender Drilling Contractor Simplified Overview

Mercedes W196. Cartrix 0910 Mercedes W196 - Juan-Manuel Fangio, Belgian Grand Prix 1955.

PRESS RELEASE 14:00 GMT, 19 th January 2017 London, UK

Tarak Mehta, President of Electrification Products division, ABB Group

European Scrapping Programs: Good or Bad? Sascha Heiden Senior Market Analyst Automotive Analysis and Forecasting

Challenges and Opportunities

COLOGNE, Germany, Nov. 29, 2016

NISSAN & TOTAL PARTNERS IN INNOVATION

Automotive Aftermarket Giorgio Brusco

Official name: Aston Martin Holdings UK (AMH UK)

RENAULT-NISSAN ALLIANCE DELIVERS SIGNIFICANT GROWTH IN 2016, EXTENDS ELECTRIC VEHICLE SALES RECORD

BERNSTEIN STRATEGIC DECISIONS CONFERENCE 2018

Third Quarter Report January 1 to September 30, 2008

Half Year Results. "Technical perfection, automotive passion" 23 July 2002

Transcription:

SEAT SEAT, S.A. Type Subsidiary of Volkswagen Group Founded 1950 Founder(s) Instituto Nacional de Industria Headquarters Martorell, Spain Area served Industry Products Services Europe, Africa, Central America, South America, Middle East, Asia Automotive Cars design, manufacture and distribution of SEAT cars Employees 14,500 (2006) Parent Divisions Volkswagen Group SEAT Sport

SEAT, S.A. (English pronunciation: /ˈseɪ.æt/ "say-at"; Spanish: [ˈse.at]) is a Spanish automobile manufacturer founded in 1950 by the Instituto Nacional de Industria (INI), with initial Fiat assistance, and now a wholly owned subsidiary of the German Volkswagen Group. Its headquarters are at Martorell near Barcelona, Spain. Its production reached 408,318 cars in 2006. SEAT is an acronym for Sociedad Española de Automóviles de Turismo, or in English Spanish Passenger Car Company. Initially, SEAT manufactured rebadged Fiat models which differed very little visually from the products of the Italian parent. The SEAT Panda (later restyled as SEAT Marbella) for example was based on the Fiat Panda. The SEAT 600, based on Fiat 600, was the first car for many Spanish families, and became a symbol of the Spanish Miracle. By 1967 SEAT was Spain's largest auto-maker. In that year Fiat increased its holding in the company from 6% to 36%. At the same time the share held by the government holding agency was reduced from a controlling 51% to 32%. The remaining 32% was taken by six major banks. Although not a majority owner, Fiat now was seen to control the business: the deal also included various undertakings by Fiat to help in the growth of SEAT, and with the development of a new model (possibly the SEAT 133). During the ensuing period, the manufacturer continued to dominate the Spanish auto market, producing 282,698 cars - more than 58% of the Spanish production total - in 1971 despite disruption that year caused by strikes and a serious flood at the coastally sited Barcelona plant. However, with just 81 cars per thousand people, Spanish car sales were seen as ripe for further growth, and SEAT faced the prospect of increased competition with other major manufacturers contemplating establishment or expansion of 'local' production facilities in the still heavily protected Spanish car market. In the early 1980s extensive discussions concerning funding and control took place between the major share holder, the Spanish government, and Fiat: SEAT needed major capital investment which Fiat was not prepared to inject. The outcome, by 1982, was an end after nearly 30 years, to the relationship with Fiat. The first car under the new SEAT logo without Fiat involvement appeared in 1982, and was called the SEAT Ronda. This was a restyled Fiat Ritmo, and sparked a lawsuit from Fiat against SEAT, as the former claimed the car was still too similar to the Ritmo. The then president of SEAT, Juan Miguel Antoñanzas, showed a Ronda to the press with all the parts different from the Fiat Ritmo painted in bright yellow, to highlight the differences. This ended the dispute. Rumour at the time had it that Fiat was angry because the Ronda restyling was in fact too close to their own planned restyling for the Fiat Ritmo, which they had to scrap. A few years after the withdrawal of Fiat in 1981, the Volkswagen Group subsidiary Audi AG signed a cooperation agreement with SEAT, becoming the major shareholder in 1986, and 100% owner of the company in 1990. During the mid 2000s, the ownership of the SEAT Company was realigned, with Audi AG transferring ownership of SEAT to the top-tier holding company Volkswagen Group. Facilities SEAT has its manufacturing facilities in Martorell, an industrial town close to Barcelona. The plant was opened by King Juan Carlos of Spain in 1993, and replaced SEAT's original assembly plant by the coast in Barcelona's Freeport zone. The development facilities are some of the newest in the Volkswagen Group. For example, the development and design of the Audi Q7 took place there. SEAT in motor sport Since the Volkswagen Group takeover in 1990, SEAT has been increasing its presence in the motor sport world. This was mainly down to VW's plan on focusing the SEAT brand as 'sporty', to appeal to the younger generation of drivers.

Rallying SEAT's first serious attempt at a World Rally Championship (WRC) title was burdened on the small SEAT Ibiza, a 1.6L normally aspirated front-wheel drive car with its roots in the Volkswagen Polo. The Ibiza allowed the company to start building its rallying experience, and was officially engaged in some European national championships. The years went by and little success followed until a 2L version of the Ibiza was homologated as a kit-car, and extra wide tracks, larger wheels, brakes, etc, were fitted to it as the Fédération Internationale de l'automobile (FIA) kit-car regulations allow. With these attributes, the car succeeded three times the 2L World Champion ('96, '97, '98), proving its maker had accumulated enough experience, and budgets, to take a chance at the reign category, the World Rally Car class of rallying cars. SEATs three conquests of the 2L FIA title and the sport's popularity in Spain, probably convinced Volkswagen Group management to go further and allocate sufficient budgets to the SEAT Sport department so as to allow it a chance to reach its goal. This situation came to an end in September 2000, when the company's, German upper management revoked its decision, and budgets, forcing SEAT Sport to retire from the World Rally Championship. The absence of convincing results must have obviously helped the management's decision. SEATs project to build a WRC-spec car was officially announced during the 1997 San Remo rally. It was in 1998 that the SEAT Córdoba WRC was first enrolled by the company to compete at the highest level of WRC racing. The Córdoba was based on the family saloon of the same name but was, naturally, a WRC class car. It had a 4 cylinder turbocharged petrol engine, permanent four-wheel drive, and active differentials were involved in its transmission. However, the short wheelbase and high-mounted engine (compared to its rivals) worked against the Córdoba, and results weren't impressive. Despite hiring ex-wrc champion Didier Auriol, and a new evolution of the car, SEAT pulled out of international rallying at the end of 2000. Touring cars In 2003, SEAT announced a one-make championship for the new SEAT León Cupra R, the SEAT Cupra Challenge. In 2004, SEAT with Ray Mallock Ltd. (RML) entered the British Touring Car Championship, running two SEAT Toledo Cupra for former-btcc Champion Jason Plato, and 2003 León UK Champion, Rob Huff. In 2005, Huff left to join Chevrolet (run by RML in the World Touring Car Championship (WTCC), and he was replaced by 2004 Leon Champion James Pickford, and Luke Hines as SEAT expanded to three cars, now run by Northern South. 2006 saw the Toledo replaced by the new León, and Darren Turner joined the team with James Thompson when his WTCC commitments allowed. 2007 was SEAT's best year in BTCC, as Plato was locked in a season-long battle with Fabrizio Giovanardi, which came down to the final race of the season, but just missed out on the title. Since 2005, SEAT has also competed in the World Touring Car Championship, with its best season being 2007, where a failed water pump robbed Yvan Muller of certain victory at the final meeting in Macau. SEAT utilised Audi's pioneering diesel engine technology (from the Audi R10 TDI LMP1) in touring cars, when they became the first team to run a TDI in the WTCC. French racing team Oreca cooperates with the WTCC team. SEAT's UK team followed suit in the 2008 BTCC. The BTCC team was sponsored by Holiday Inn. On the 11th September 2008 SEAT UK announced that it was to withdraw from all motor sport activity in the UK at the end of the season. The SEAT Cupra Championship and the SEAT BTCC campaign are to end at Brands Hatch on the 21st September. BTCC drivers Jason Plato and Darren Turner have been left without drives for 2009. At the opening of the 2009 WTCC, SEAT placed 1st, 2nd, 3rd, and 4th in both races in Brazil. [7] At the second meeting of the WTCC (in Mexico), the SEAT team placed 1st, 4th, 6th, 7th and 11th in the first race. The second race they placed 1st, 3rd, 7th, and 8th. While SEAT may have withdrawn from the BTCC, they are showing impressive results in the WTCC.