VW's Seat plans to expand in N. Africa, Latin AmericaDe Meo aims to increase Seat's operating margin to as high as 4.5 percent. BARCELONA -- Spanish automaker Seat will lead VW Group's expansion in North Africa as part of internationalization plans that may also include building cars in Mexico. Seat is seeking to expand its business in North Africa and Latin America in the next decade to stabilize earnings by reducing its reliance on Europe. Seat will "take the leadership role" in VW Group's new Algerian plant, de Meo said at the brand's annual earnings press conference here on Thursday. VW Group has formed a joint venture with Algerian sales partner SOVAC to assemble the Ibiza, VW Golf, VW Caddy and Skoda Octavia in Algeria.

Source: The North Africa Journal March 24, 2017 09:07 UTC