SPAIN: SEAT to spend US$3.69bn by 2019

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Volkswagen Group's SEAT will spend EUR3.3bn (US$3.69bn) on equipment, facilities and R&D between 2015 and 2019. President Jürgen Stackmann said: "the EUR3.3bn is earmarked for promoting new vehicle development R&D projects at the technical centre as well as equipment and facilities in the Martorell factory".