Mlada Boleslav-based carmaker Skoda Auto has, for the first time in the company’s history, produced a million cars in one year. In a press release the German-owned manufacturer said the millionth vehicle was a white Škoda Fabia. More
The carmaker Škoda Auto on Wednesday produced its millionth vehicle this year, a white Škoda Fabia, the company said in a statement. It is the first time the German-owned manufacturer produced a million cars in one year. Škoda CEO Winfried Vahland said the company’s strong output was due to the fact the firm now offered the widest choice of models in its history. Over the first nine months of the year, Škoda’s revenues grew by nearly 20 percent to 8.8 billion euro. By 2018, the carmaker plans to increase production to 1.5 million vehicles annually.
Car production in the Czech Republic is likely to reach a record 1.2 million in 2014, according to the head of the country’s Automotive Industry Association Antonín Šípek. The production of cars over the past ten months has grown by nearly 12 percent compared to the same period last year, to 1.047 million. The country’s biggest car maker Škoda Auto increased its production by 5 percent to more than 600,000 cars. The current record for car production is 1.195 million, registered in 2011.
Electric cars have been slow to take off in the Czech Republic. But they now appear to be on a much faster track with energy companies and now top car manufacturer Škoda Auto taking specific steps to put hybrids and full blown electric cars on the roads. More
In Business: Czech financial institutions revise down their economic growth forecasts for this year, the government favours nuclear and coal power in its long-term energy plan, the forex interventions launched by the Czech National Bank last year have attracted more foreign visitors to the Czech Republic and the largest Czech hotel – Hilton Prague - has been put up for sale. More
Two reactors at the Dukovany nuclear power plant have been temporarily shut down due to a leaking water pipe, a spokesman for the plant said on Wednesday. The problem, which appeared in one of the facility’s three cooling water supply systems on Monday, has not put the plant’s security at risk, the spokesman said. It is not clear when the blocks will be reactivated. The two other reactors at the Dukovany plant remain in use.
The minister of industry and trade, Jan Mládek, says the government wants to push through a long-term energy plan based on nuclear and coal power. Speaking on a TV discussion show on Sunday, Mr. Mládek said the cabinet did not want to go down the route of gas-fuelled power stations or the large scale support of renewable resources. The minister said brown coal was an important source of power that ought to be used while respecting mining limits. The government is due to discuss the energy plan before the end of the year.
In Business News this week: Czech farmers expect bumper harvest this year; Škoda seeks to boost sales of Fabia on local market; number of Russian tourists drops by 15 percent this year; Less Mess Storage acquires three storage facilities in Czech Republic; and local distilleries expect good season this year. More
Car production in the Czech Republic grew annually by 12.2 percent in the first three quarters of the year, according to figures released by the country’s Automotive Industry Association on Wednesday. In total, over 936,000 vehicles were produced; over 60 percent of them were made by Škoda Auto, followed by Hyundai with 25 percent and TPCA with 15 percent. Škoda Auto increased production in the first three quarters of the year by an annual 21.6 percent. Analysts say car production could reach record levels this year if all major carmakers maintain their production pace.