Renault España
Renault España Sociedad Anónima ( or ), also known by its acronym RESA (), is one of the largest manufacturing subsidiaries of Renault. The Spain-based company has facilities in Valladolid, Palencia and Sevilla, with most administrative offices in Madrid. Renault sells its cars locally through the subsidiary RECSA. The company emerged from the local automaker FASA, which had assembled Renault cars since 1953. History SAEAR In 1908, Louis Renault founded in Spain the ''Sociedad Anónima Española de Automóviles Renault'' (Renault Automobiles Limited Company) or SAEAR, the second subsidiary outside the French territory after the English branch. The SAEAR maintained a sustained growth until the 1930s, when it gradually began to show results in deficit. It was affected by the proliferation of protectionist barriers, little demand and declining selling prices, factors that were aggravated by the Spanish Civil War and World War II. Despite the possibility of closing being considered ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal ...
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