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Current AffairsŠkoda Auto steers through challenging market conditions in 2009
The Czech Republic’s biggest car maker, Škoda Auto, has just announced
mixed results for last year. Car sales hit a new record high, but turnover
was down and profit dropped by around two-thirds compared with the year
before. This year also looks like being a big challenge.
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In Business News this week: recession fears banished by surprise
statistics; Czech vehicle production rises in 2009; Volkswagen seeks to
curb Škoda competition; foreign investment falls, but less than regional
average; and Czech recording company makes Scottish buy
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In this week’s edition of Business News: hotel and guest house visitors
stay away; Prague airport predicts doubling of passenger numbers; home
construction sector sees more completions but fewer new starts; Škoda Auto
ponders low cost large car; and a new Czech brew from across the border.
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In Business News this week: state bonds struck by Greek debt concerns,
mining group withdraws big bond issue, Škoda Auto cuts production of best
selling model, ČSOB comes in with positive profit figure and a Czech
construction company is in line to win a Sochi Olympics contract.
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Current AffairsŠkoda Auto set to gain from solid reputation as rivals suffer recalls
The Czech Republic’s main car maker and country’s biggest exporter,
Škoda Auto, is sitting pretty amid the series of recalls damaging Japanese
rivals. The problems facing the world’s biggest car marker, Toyota, and
smaller manufacturer Honda should help the Czech car maker in its bid to
break into new markets, especially in Asia.
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In this week’s Business News: steady recovery predicted for the economy;
citizen’s bond issue looks unlikely; cinemas boost income in spite of
audience fall; small shareholders taste victory at steelworks; and Škoda
Auto targets dozy drivers.
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In this week’s Business News: the government seeks to get to grips with
corruption; deflation at factory and farm gates; car makers buck the trend
with production figures; clothes producer seeks to stave off collapse; and
take over fever at Prague’s heating company.
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