the founder's death in 1948, the firm secured a licensing agreement with Italian motor scooter maker Lambretta. This initially consisted of a deal to import 2,000 obsolete model A's that had failed to sell in Italy, 75 of which were donated to President Juan Perón's youth group UES. Contemporary LD models were soon added to the range and in the early 1960s SIAM began producing an Li/TV Series 2 variant. Some of these were exported to Chile and Uruguay. Siambretta production ceased by 1970 with around 200,000 units having been sold. Automobile production Reforms by way of a Law of Foreign Investment and an Automobile Industry Framework drafted by adviser Rogelio Julio Frigerio and enacted by President Arturo Frondizi encouraged Siam to venture into the auto industry. A license obtained from the British Motor Corporation led to the Siam di Tella 1500; based on the British BMC Farina series of the late 1950s, using the front-end design of the Riley model. The car followed the specifications of the BMC car in most respects, but was fitted with a low compression version of the 1489 cc B-Series engine with a single carburettor (the option of twin carburettors was offered, but very rarely specified). The vehicle became very popular among taxi drivers in Buenos Aires due to its spacious interior and its fuel economy compared to the US-derived vehicles previously popular as taxis. The 1500 was followed by the Traveller station wagon and the Argenta pick-up truck, then the upmarket "Magnette". The proliferation of domestic subsidiaries of U.S. and European automakers led to the bankruptcy of Siam's vehicle line in 1966; in all, around 61,477 units had been produced between 1959 and 1966. The automobile production facility was sold to Industrias Kaiser Argentina. IKA revitalised production with a variant of the Morris Oxford sold with two-tone leather seats and 1622cc engine as the Morris 1650; the base model Siam di Tella 1500 and the Argenta pick-up were rebadged Riley 1500 and the Magnette was uprated with twin carburettors and individual leather seats as the MG 1650 - sales of the Morris were good, but IKA was taken over by Renault in 1967 and production of this British-derived range of cars was shut down. Production figures Electromecanics division In the late 1960s, the Electromechanical section of SIAM signed two contracts, which would ultimately allow it to produce heavy machinery in the country. The