VW accepts the Perte and moves forward with the Sagunto plant and the electrification of Martorell and Landaben

The group and the 60 companies in the future: Fast Forward project to receive a first tranche of 390 million support

On the same day that the deadline to accept its inclusion in the Perte of the electric vehicle ended, the Volkswagen Group and the 60 companies integrated into the project
Future: fast forward have adopted its resolution, continuing a plan that intends to mobilize up to 10,000 million euros, mainly for the construction of a giga factory for the production of batteries in Sagunto (Valencia), as well as the electrification of the Seat factories in Martorell ( Barcelona) and Volkswagen in Landaben (Navarra).

VW’s acceptance puts an end to the open uncertainty after the group kicked the project after, in its opinion, «
not enough» resolution of the first part of the Perte, from which they will eventually receive 397 million compared to the 1,000 they had at the beginning.

The government’s promise to channel a second appeal for the Perte, and the involvement of the regional governments, have finally met the threat of
VW to paralyze a project that would have meant an industrial disaster for the areas concerned and for the government in terms of its ability to manage the flow of European funds.

“It is a first step and now we will continue to look for solutions to develop our ambitious electrification plan,” said Seat chairman,
Wayne Griffiths. “This plan will drive the transformation of our industry and help create thousands of new jobs and maintain the country’s competitiveness (…) 70 years ago, SEAT put Spain on wheels, and now we will put Spain on electric wheels,” he added. ready.

Source: La Verdad

Ida

I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.