© Reuters. FILE PHOTO: Wayne Griffiths, chief executive officer (CEO) of the carmaker SEAT (Volkswagen Group), presents the company’s annual results during a news conference in Barcelona, Spain, March 23, 2022. REUTERS/Albert Gea
MADRID (Reuters) – The chief of Volkswagen (ETR:)’s Spanish unit SEAT said on Thursday the offer made by Spanish authorities of subsidies to build a battery factory and manufacture electric vehicles “is not sufficient”, but added he is optimistic in finding a solution.
SEAT Chairman Wayne Griffiths said the solution, which he did not specify, has to be found within ten days. The carmaker received 397.4 million euros ($388.26 million) of the 877.2 million total funds allocated in the PERTE programme’s first phase.
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