Czech Republic

Czech car industry revenue rises 15% to new record in 2014

June 12, 2015 21:05 CET

The Czech car sector's revenue rose 15 percent to a record 991 billion crowns ($41 billion) in 2014, the country's Automotive Industry Association (AutoSAP) said, helped by a big increase in overall local production by automakers such as Skoda, Hyundai, Toyota and PSA....
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JESSE SNYDER

A tale of 2 production booms

12:01 am U.S. ET | June 1, 2015

It's easy to view Mexico's auto manufacturing ascendancy as an encore of last decade's production boom in central Europe....
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Skoda fined 1.77 million euros for margin fixing

May 29, 2015 12:01 CET

Skoda has been fined 1.77 million euros for margin fixing with distributors in 2011 and 2012....
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Skoda, unions agree on 3.5% wage hike

April 24, 2015 13:10 CET

Skoda has reached an agreement with workers on a 3.5 percent wage hike, the carmaker's main union group said. Unions threatened to strike last week after seeking a higher deal than the 3 percent offered by the automaker....
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Skoda unions issue strike threat over pay demands

April 9, 2015 12:53 CET

Unions at Skoda, Volkswagen's Czech unit, warned that they may strike after rejecting the company's offer for a 3 percent pay rise....
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Skoda profit jumps 46% in 2014 on record sales

March 16, 2015 14:39 CET

Skoda raised net profit by 46 percent to 665 million euros in 2014 after selling more than 1 million cars for the first time in its history....
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Record Czech car registrations in 2014 as economy recovers

Jan. 6, 2015 18:46 CET

Czech new-car registrations jumped 17 percent in 2014 to a record high of 192,314 units, with more growth seen this year....
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Skoda to invest 450 million euros to expand Czech plant

Sept. 24, 2014 10:56 CET

Skoda will invest 450 million euros in its Czech plant in Kvasiny, a local news agency quoted a senior company executive as saying. The plant, which builds the Yeti compact crossover, also will build Seat's forthcoming SUV....
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