British Motor Corporation licence, its name was: 'AUTHI' -'Automoviles de Turismo Hispano-Ingleses' -'Spanish-English Tourism Automobiles'. The factory was in Pamplona, Navarra, Spain, and when the production of Austin and Mini cars was discontinued, Sociedad Española de Automóviles de Turismo (SEAT), owned by the state and some banks and industrial investors, purchased the factory. After the takeover of SEAT by Volkswagen, SEAT made an 'internal' resale of the Pamplona factory, formerly Authi, to Volkswagen, which soon started producing there the 'Polo'. The Wilson Labour government (1964–1970) came to power at a time when British manufacturing industry was in decline and decided that the remedy
Sociedad Estatal de Participaciones Industriales development activities. The SEPI group holds indirect shares in more than one hundred commercial enterprises and retains some minority shareholdings in the International Airlines Group (IAG, formerly Spanair/BA) and Espana Expansion Exterior (a Spanish exports development company with consulting, finance and technical assistance activities within foreign markets). List of publicly owned assets disposed up to March 2015. Sociedad Estatal de Participaciones Industriales Sociedad Estatal de Participaciones Industriales (SEPI) is a Spanish state holding company that is characterized as a Sovereign wealth fund. It is controlled by the Ministry of the Treasury. SEPI was preceded by the Instituto Nacional de Industria