La primera crisis de SEAT: el veto a General Motors y la compra de AUTHI a British Leyland (1972-1976)
AbstractIn 1972 SEAT was the first Spanish industrial firm and led the export of automobiles, thanks to a nationalist policy. However, the industrial policy of late Francoism experienced a dramatic change with the approval of Ford’s decrees. Such a change included the invitation to General Motors to rescue the Spanish subsidiary of British Leyland Motor Corporation (BLMC), AUTHI, in 1973. The purchase of its plant in Landaben by SEAT in 1975 has to be considered more the consequence of a pact preventing the entrance of General Motors than the outcome of direct pressure by government. The increase in the size of employment resulted to be a very risky decision for a company which was experiencing a significant push on labour costs since 1969 and a dangerous fall in demand since 1974. Moreover, the change of policy and the further removal of the veto on General Motors, would contribute to jeopardize the relationship with FIAT, ending the Honey moon experienced during the early seventies. KEY Classification-JEL: L62, N64, N84, O14
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Bibliographic InfoArticle provided by Asociación Española de Historia Económica in its journal Investigaciones de Historia Económica (IHE) Journal of the Spanish Economic History Association.
Volume (Year): 9 (2007)
Issue (Month): ()
Automobile industry; SEAT; General Motors; BLMC; FIAT; Ford; Spain;
Find related papers by JEL classification:
- L62 - Industrial Organization - - Industry Studies: Manufacturing - - - Automobiles; Other Transportation Equipment
- N64 - Economic History - - Manufacturing and Construction - - - Europe: 1913-
- N84 - Economic History - - Micro-Business History - - - Europe: 1913-
- O14 - Economic Development, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
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