Volkswagen and SEAT to form Future: Fast Forward.

Volkswagen, a multinational automotive company, and SEAT,a designer, manufacturer and marketer of automobiles in Spain, agreed to form Future: Fast Forward, a joint venture for the recovery and economic transformation of the connected electric vehicle. Financial terms were not disclosed. The tractor project, led by SEAT and the Volkswagen Group, aims to electrify the factories in Martorell and Pamplona. The second pillar of the business group's project is the creation of the entire ecosystem of batteries for electric cars in Spain. The third axis contemplates the location in Spain of essential components for electric vehicles and, the fourth, includes areas related to training, digitization and the circular economy.