While the automotive industry boomed in much of post-Second World War Europe, Spain lagged behind. SEAT released its first car as an independent company in 1984: the Ibiza.
Amid fears that Catalonia could announce it is breaking away from Spanish rule on Monday, German firms are anxious about their investments. Alone in 2015, Germany invested half a billion euros in the autonomous region.
While a Catalan secession is unlikely, the risk of political limbo raises fears of entrenching Spain's economic woes. Eyes are now peeking at how Spain's sovereign debt is pricing risk.
The crash course set by the governments of Spain and Catalonia over an independence vote seems unavoidable now. Meanwhile, an unexpected pro-referendum movement has blossomed in Madrid, Santiago Saez reports.
Two years of leaks about emissions cheating and pollution fears have damaged Germany's standing as the world leader in car production. But analysts think the scandal could have surprising positives for the industry.
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