SEAT has its first profitable year since 2008, earning €6 million in 2015
After eight years of losses, SEAT has pulled itself out of the red, earning €6 million in profits after taxes in 2015. This marks an end of a period of struggle with a record turnover of 8,332 million (up 11 percent on 2014), stated SEAT CEO Luca de Meo. He also hopes that the success in 2015 will help the company maintain its momentum as it pushes into 2016 with the manufacture of a new SUV vehicle as well as the release of three other car models over the next 18 months. Although the company has faced significant challenges in the face of a recovering auto industry, SEAT has seen increasing demand from southern Europe in Italy and Spain, as well as in Germany, where the company made 90,000 of their 400,000 car sales in 2015.