Škoda Auto boosts turnover, profit, and car sales in first six months

Škoda Auto, the Czech Republic’s biggest car maker and one of the main industrial motors of the economy, has boosted first half operating profits by around 23 percent to 522 million euros compared with the same period in 2014. Overall turnover rose 7.5 percent to 6.4 billion euros. The manufacturer, part of the Volkswagen Group, said favourable currency rates and lower prices for raw materials helped the improvement. Car deliveries in the first half topped 544,000, a rise of 4.2 percent.

Author: Chris Johnstone