Seat

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The History of SEAT: 1950 On May 9th the new Sociedad Española de Automóviles de Turismo, S.A. (SEAT), is founded, with a total share capital of 600 million pesetas. The partners are the National Institute of Industry (INI) with 51% and six banks with 42%. FIAT holds the remaining 7% and its manufacturing licence. Building of the factory is started in Barcelona's Zona Franca

1951 Machinery, as well as the first assembly line, welding and painting facilities are installed and used on a 20 hectare surface in Zona Franca. To reduce the need for imports of parts and components due to the lack of foreign currencies, SEAT promotes the development of an almost nonexistent Spanish supplier industry, in order to limit imports.

1953 The factory opens on June 5th. On November 13th the first SEAT car rolls off the assembly line: a 1400 with licence plate B-87.223. Daily production: 5 cars. Workforce: 925 employees.

1954 SEAT increases the proportion of Spanish-made parts to 93%. Output to date: 2,983 cars. Workforce: SEAT has 1,700 employees.

1955 On May 5th, the factory is officially opened, covering a surface of nearly 200,000 square meters. Total production surpasses the 7,000 unit mark.

1956 1,000 new workers for SEAT are hired and new assembly facilities are commissioned. SEAT reaches its first production target: 10,000 cars per year, with an average of 42 units per day.