Advertisement
Singapore markets open in 6 hours 54 minutes
  • Straits Times Index

    3,287.75
    -5.38 (-0.16%)
     
  • S&P 500

    5,048.92
    -22.71 (-0.45%)
     
  • Dow

    38,114.40
    -346.52 (-0.90%)
     
  • Nasdaq

    15,609.08
    -103.67 (-0.66%)
     
  • Bitcoin USD

    64,624.95
    -129.78 (-0.20%)
     
  • CMC Crypto 200

    1,393.48
    +10.91 (+0.79%)
     
  • FTSE 100

    8,078.86
    +38.48 (+0.48%)
     
  • Gold

    2,343.90
    +5.50 (+0.24%)
     
  • Crude Oil

    83.01
    +0.20 (+0.24%)
     
  • 10-Yr Bond

    4.7020
    +0.0500 (+1.07%)
     
  • Nikkei

    37,628.48
    -831.60 (-2.16%)
     
  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     
  • FTSE Bursa Malaysia

    1,569.25
    -2.23 (-0.14%)
     
  • Jakarta Composite Index

    7,155.29
    -19.24 (-0.27%)
     
  • PSE Index

    6,574.88
    +2.13 (+0.03%)
     

Volkswagen's SEAT plans 5 billion euros in investments in 2020-2025

A worker from the SEAT factory, under the Volkswagen group, works on an engine of a SEAT Leon car, in Martorell near Barcelona

BARCELONA (Reuters) - Volkswagen's <VOWG_p.DE> Spanish brand SEAT said on Wednesday it plans 5 billion euros in investments in 2020-2025, mainly in new R&D, equipment and electric cars, after investing 3.3 billion in 2016-2020.

SEAT's interim chairman Carsten Isensee said its main Barcelona plant will produce electric vehicles starting in 2025.

(Reporting by Joan Faus; Editing by Ingrid Melander)