Car production in the Czech Republic fell by 3.8 percent year-on-year to
363,052 vehicles in the first quarter of 2019, the Automotive Industry
Association said on Wednesday.
The drop was led by Škoda Auto, the Czech Republic’s largest exporter, whose production fell by 3 percent in annual terms. The carmaker said earlier that its sales in January-March fell mainly due to lower demand on the Chinese market.
Two other smaller carmakers noted a rise in output. TPCA, a joint venture of Toyota, Peugeot and Citroën, increased production by almost 5 percent to 58,772 units in Q1, while Hyundai’s production fell by 12 percent to 73,000 cars.
February saw Czech industrial production experience a year-on-year growth of 1.5 percent, according to the latest Czech Statistics Office report released on Monday. The growth was mainly the result of energy production. The automobile manufacturing sector experienced a decline, but improved compared to previous months.
Czech carmaker Škoda Auto announced on Wednesday it sold a record 1.254
million vehicles last year, up 4.4 percent in annual terms.
Sales revenue also increased by 4.4 percent compared to the previous year and achieved the best result in its history.
Unconsolidated profit after tax fell 9 percent to CZK 28.89 billion, a drop the Volkswagen Group unit attributed in part to a 22 percent increase in investments into tangible assets last year.
Škoda Auto, the top Czech exporter, invested more than 500 million euros directly in plants and facilities in the Czech Republic in 2018.
The Czech car maker Škoda Auto has extended its sponsorship deal with Tour
de France organiser A.S.O. until 2023. The deal was signed at the Geneva
Motor Show on Wednesday.
The cooperation will include not only Tour de France but also other cycling races, such as the La Vuelta or Paris-Roubaix. The Czech automobile became the Tour’s official partner and car supplier in 2004 when they signed a four-year contract.
Car maker Skoda Auto will unveil more than thirty new models by 2022, at
least ten of them electric-powered, company chair Bernhard Maier said ahead
of the Geneva Motor Show.
The first electric-powered models are to appear on the market this year, the Superb plug-in hybrid model and Citigo.
Skoda will unveil its latest model – the Skoda Kamiq - at the Geneva Motor Show which take place from 5 to 17 March. The brand’s third and smallest SUV is expected to hit the market in autumn this year.
In 2018 Skoda produced 886,100 vehicles, a 3.3 percent growth year-on-year and a new production record for the company.
Car-maker Škoda Auto has won a 780 million crown tender announced by the
Ministry of Finance to provide passenger cars to various state
institutions. The car manufacturer will provide over 1,370 vehicles to 10
ministries and subsidiary organisations. The Czech Republic’s prison
service has already received 30 Škoda Octavia models.
Škoda Auto had also won a 250 million tender to provide 4x4 drive passenger cars to the police, but the tender was cancelled by the country’s anti-monopoly office, which claimed its requirements unfairly favoured the Czech car-maker Auto against other bidders.
Prime Minister Andrej Babiš is in Davos this week talking to international leaders. On Thursday he met with Brazilian President Jair Bolsonaro and Apple CEO Tim Cook. According the Mr. Babiš there is much potential for Czech companies in what is currently the country’s second largest trading partner in South America.
The production of passenger cars in the Czech Republic increased by 1.7
percent last year to a new record of 1.437 million vehicles, the Automotive
Industry Association said Thursday. Production has now grown for a fifth
Exports of passenger cars rose 2 percent year on year while domestic purchases dropped 1.7 percent in 2018.
Leading carmaker and exporter Škoda Auto increased its production to 886,103 cars, up 3.3 percent in annual terms. The Volkswagen subsidiary said growth was due to the modernisation and expansion of its Czech manufacturing plants.
Hyundai Motor Manufacturing, on the other hand, recorded a 4.6 percent drop in production to 340,300 cars. TPCA, a joint venture of Toyota, Peugeot and Citroën, returned to production growth with a 6 percent increase to 210,993 vehicles.
The Czech society has traditionally been quite homogenous. Of course, there have always been regional differences in dialect, culture, folk music. But people understand each other no matter which part of the country they come from, consider themselves to be of one nationality. And that has started changing.