Category: Manufacturing   |   Website: skoda-auto.com   |   Email: infoline@skoda-auto.cz   |   Phone: +420 326 811 111
Address: Tř. Václava Klementa 869, Mladá Boleslav II, 293 01 Mladá Boleslav, Czech Republic

Description

Škoda Auto (Czech pronunciation: [ˈʃkoda] (About this sound listen)), more commonly known as Škoda, is a Czech automobile manufacturer founded in 1895 as Laurin & Klement. Its headquarters are in Mladá Boleslav, Czech Republic. In 1925 Laurin & Klement was acquired by the industrial conglomerate Škoda Works, which itself became state-owned in 1948. After 1991 it was gradually privatized and in 2000 Škoda became a wholly owned subsidiary of the Volkswagen Group. Škoda automobiles are sold in over 100 countries and in 2017, total global sales reached 1.21 million units, an increase of 6.6% from the previous year,[2] and the operating profit was €1.6 billion, an increase of 34.6% over the previous year. As of 2017, Škoda's profit margin was the second highest of all VW Group brands after Porsche


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