Seat Spanish

On 25 September 1941 Instituto Nacional de Industria (INI), literally National Institute of Industry was established as a Spanish state-owned industrial holding company to promote the development of Spanish industry and the self-sufficiency of the Spanish economy. INI included a broad range of companies, from heavy and basic industries to "soft" services. When Spanish economy fully opened to international trade and joined the European Economic Community, INI lost its reason to exist, consequently most of it's companies were privatized in the 1980's and early 1990's, SEAT becoming part of the Volkswagen Group.

SEAT develops rapidly - the first SEAT car rolled off the assembly line in 1953 and only 12 years later SEAT has produced over 100 thousands cars per year. Two millionth SEAT was produced in 1974 and the company became eighth among European automakers. In 1980 FIAT refuses to participate actively in the SEAT and two years later the company signed an agreement on industrial and commercial cooperation with Volkswagen. Seat has produced its 5-millionth car in 1983. SEAT plants have released Volkswagen Passat. In 1986 Volkswagen owed 51% of shares and by December its fraction increased up to 75%. In 1989 was launched building of new plant in Martorell and three years later it was set up by King of Spain Juan Carlos. Volkswagen has bought 99.99% SEAT shares in 1990. Since that moment all Seat models were gradually upgraded and were issued on the same platform as Volkswagen cars.

SEAT, or the Sociedad Espagnola de Automoviles de Turismo, was founded in 1950 in the Spanish headquarters of Martorell with the assistance of the Instituto Nacional de Industria and Fiat. SEAT is the only Spanish car manufacturer that develops its own cars in-house. The first SEAT car was the SEAT 1400, launched in 1953.

2000 was the year of SEAT’s 50th anniversary, a celebration led by His Majesty, King Juan Carlos I. The ‘00s brought great innovation and change for the brand, with the launch of the SEAT Altea in Geneva in 2004, as well as the latest in the Ibiza series: the FR and the CUPRA – both powerful sports models showcasing advanced technology.

SEAT was founded on May 8, 1950 under the name 'Sociedad Española de Automóviles de Turismo, S.A.' by the Instituto Nacional de Industria (INI) with a capital of 600 million Pesetas, almost a year and a half after the Spanish government and five Spanish banks[41] had signed on October 26, 1948 an alliance contract with the Italian car manufacturer Fiat [42]. Initially, SEAT manufactured rebadged Fiat models which differed very little visually from the products of the Italian firm. The SEAT 600, based on Fiat 600, was the first car for many Spanish families, and became a symbol of the Spanish Miracle. The SEAT Panda (later restyled as SEAT Marbella) for example was based on the Fiat Panda.

SEAT is a Spanish automaker that is owned by the Volkswagen Group. They share many of the same platforms and engines as VWs. One model for example, is the SEAT Ibiza, which uses the same platform as the Volkswagen Polo, as well as VW TDI engines.

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