SEAT owner of Cupra
SEAT S.A. (English: , Spanish: [ˈseat]; Sociedad Española de Automóviles de Turismo lit. Spanish Touring Automobiles Company) is a Spanish car manufacturer, which sells its vehicles under the SEAT and Cupra brands. It was founded on 9 May 1950 as a partnership between the Spanish state-owned Instituto Nacional de Industria (INI), which held a majority stake, Spanish private banks, and FIAT. It quickly became the largest supplier of cars in Spain. In 1986, after 36 years of being publicly listed as an independent automaker, the Spanish government sold SEAT to the Volkswagen Group, of which it remains a wholly owned subsidiary.The headquarters of SEAT S.A. is located at the company's industrial complex in Martorell near Barcelona. In 2020, annual production was over 468,000 units, with more than 427,000 cars sold in just one year, exported to over 75 countries worldwide.