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Responses to a crisis: FASA-Renault in Spain during the 1970s

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  • Tomas Fernandez-de-Sevilla

    (Universitat de Barcelona)

Abstract

This paper analyses the trajectory of the Spanish automobile firm FASA-Renault during the 1970s. This period comprises the early years of the crisis experienced by the Spanish economy and industry between 1974 and 1985. At the external level, the Spanish economy was affected by two oil shocks. At an internal level, the automobile industry was affected by a decree passed by the government: the so-called Ford decree of 1972, which allowed the establishment of the American company in Spain and had serious consequences for SEAT, the main Spanish producer. The production of SEAT suffered a one third reduction between 1972 and 1980 and, in addition, the financial situation of the firm was unsustainable. Conversely, during this stage FASARenault became the main Spanish production (its outpout was multiplied by 3,5 during the 1970s) and sales leader in Spain (its sales as percentage of total Spanish market sales increased from 23 to 36%). The main aim of this paper is to analyse the trajectory of success of FASA-Renault in Spain durig the 1970s.

Suggested Citation

  • Tomas Fernandez-de-Sevilla, 2011. "Responses to a crisis: FASA-Renault in Spain during the 1970s," Working Papers in Economics 261, Universitat de Barcelona. Espai de Recerca en Economia.
    • Handle: RePEc:bar:bedcje:2011261
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • N84 - Economic History - - Micro-Business History - - - Europe: 1913-
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • L62 - Industrial Organization - - Industry Studies: Manufacturing - - - Automobiles; Other Transportation Equipment; Related Parts and Equipment
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • L53 - Industrial Organization - - Regulation and Industrial Policy - - - Enterprise Policy

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