One bright spot in the struggling European car industry has been Spain. Assembly plants in Spain are increasing production now and gaining more new model builds in the near future. Industry officials say that local manufacturers have to increase their R&D budgets and the Spanish government must improve transportation infrastructure if that country is to keep its position as the #2 car making country in Europe and fend off competition from lower cost producers in eastern Europe.
While unemployment in general in Spain is about 25%, production rose 7% at plant at Martorell, where Volkswagen’s Seat unit has its headquarters. (Read More…)