SEAT Logo – SEAT SA is a manufacturer of automobiles founded Spanish May 9, 1950 by the Instituto Nacional de Industria (INI), the late state industrial holding company. Today is a company subsidiary of the German Volkswagen Group, along with Audi, Bentley, Bugatti, Lamborghini, and Škoda. SEAT is positioned in the market and the Volkswagen Group as a manufacturer with youthful and sporty profile. At the same time within the group, the SEAT brand was developed as a set of subsidiary companies (Group SEAT) being ‘SEAT, SA’ parent company.
The headquarters of SEAT, SA is located in the industrial complex of SEAT in Martorell, near Barcelona, Spain. In 2000, annual vehicle production reached 500,000 units, in total, until 2006, have built more than 16 million cars of which just over 6 million plant in Martorell. Currently, three quarters of the annual production is exported to more than seventy countries around the world. The name SEAT , which originally came from the acronym Spanish Society of Motor cars, was replaced in 1990 by SEAT, SA.
SEAT was founded in 1950 by the National Institute of Industry in order to motorize postwar Spain in Barcelona through the manufacture of automobiles Italian Fiat under license. For its constitution created a company with capital of 600 million pesetas, of which the INI had a 51% stake, Spanish banks and Fiat 42%, the largest automaker Italy (acting as technology partner) the remaining 7%. The name “SEAT” acronym comes from the Spanish Society of Automobile Tourism, chosen a pronunciation and spelling looking like Fiat (Fabbrica Italiana Automobili acronym Torino) to “nationalize” according to the custom of the time the vehicles, which were otherwise identical to their Italian counterparts.
Its first president was Jose Ortiz Echagüe, the engineer founder of House, which had the collaboration of three assistant directors: Luis Villar Molina, Luis Ramirez and Vicente Arroyo Fernandez-Urrutia. The Spanish state had an important participation in society through the National Industry Institute (INI). When Fiat retired in 1980, the Volkswagen Group acquired the majority of the shares of the participation of the Spanish state in 1986, becoming the sole shareholder.