Instituto Nacional de Industria acts ended up in failure (e.g., Adaro), INI soon turned itself into the biggest industrial conglomerate of Spain. INI included a broad range of companies, from heavy and basic industries to "soft" services, most of them with E.N., standing for Empresa Nacional (National Corporation), in their names. Among them were: Ensidesa (Empresa Nacional Siderúrgica S.A.)–Aceralia (steel), Enasa (Empresa Nacional de Autocamiones S.A.)–Pegaso (trucks), SEAT (Sociedad Española de Automóviles de Turismo) (cars), INH (Instituto Nacional de Hidrocarburos)–Repsol (Refinería de Petróleos de Escombreras Oil) (oil and gas), ENCE (Empresa Nacional de Celulosas de España) (cellulose, biofuels), ENDASA (Empresa Nacional de Aluminio S.A.)
SEAT 'Banco Urquijo', with the support of a group of industrial companies, (Hispano-Suiza, Basconia, Duro-Felguera, S.E. de Construcción Naval, Euskalduna, S.E. de Construcciones Metálicas, Fundiciones Bolueta, Echevarría etc.) founded the 'Sociedad Ibérica de Automóviles de Turismo' (S.I.A.T.) with the goal of establishing Spain's own mass production car maker. The initial Banco Urquijo's project aimed at running the S.I.A.T. motor company as a fully private enterprise but soon after 1941 the interventionist state holding company Instituto Nacional de Industria (INI) following a decision taken by the Franco government on January 3, 1942. The goal for the new national car brand was not