'What's happening to Spanish industry?'

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Not long ago, Volkswagen, which has owned SEAT since the early 1990s, announced that it was discontinuing the brand in favor of CUPRA. This is part of the life cycle of brands and related products. The important thing is not that the brand is changing, but that the cars are made in Spain.

In 2018, Qatari Sheikh Al-Tahani took advantage of the mall's need for cash to invest in El Corte Inglés and acquired 11% of the share capital, although ECI bought half of that investment stake in 2022.

Why do you think these movements are taking place.

Spanish companies are attractive to foreign investors, for example in communications, banking, technology, retail, real estate, biotechnology...''parent company or, in the case of sovereign wealth funds, the conditions of the strategic sectors of the country concerned and even its policies.

Is our industry in decline?

Rather, Spain and other European Union countries decided a few years ago to deindustrialize their economies and outsource a large part of our industrial activity to third countries such as China, Vietnam, Thailand, India and others.