Škoda Auto
Czech automobile manufacturer / From Wikipedia, the free encyclopedia
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Škoda Auto a.s. (Czech pronunciation: [ˈʃkoda] ⓘ), often shortened to Škoda, is a Czech automobile manufacturer established in 1925 as the successor to Laurin & Klement and headquartered in Mladá Boleslav, Czech Republic. Škoda Works became state owned in 1948. After 1991, it was gradually privatized to the German multinational conglomerate Volkswagen Group, becoming a partial subsidiary in 1994 and a wholly owned subsidiary in 2000.[4][5]
Company type | Subsidiary |
---|---|
Industry | Automotive |
Predecessor | Laurin & Klement |
Founded | 1925; 99 years ago (1925) |
Founder | Václav Laurin and Václav Klement |
Headquarters | , |
Area served | Worldwide |
Products | Automobiles Electric vehicles |
Production output | c. 802,000 units (2021)[2][3] |
Revenue | €17.7 billion (2021)[3] (CZK 422.6 billion)[2] |
€1.08 billion (2021)[2][3] (CZK 26.21 billion)[2] | |
CZK 22.41 billion (2021)[2] | |
Total assets | CZK 231.46 billion (2021)[2] |
Total equity | CZK 101.52 billion (2021)[2] |
Number of employees | 36,032 (2021)[2] |
Parent | Volkswagen Group |
Divisions | Škoda Motorsport |
Subsidiaries | Škoda Auto Česká republika Škoda Auto Deutschland GmbH Škoda Auto Slovensko s.r.o. Škoda Auto Volkswagen India |
Website | skoda-auto |
Footnotes / references [2][3] |
Škoda automobiles are sold in over 100 countries, and in 2018, total global sales reached 1.25 million units, an increase of 4.4% from the previous year.[6] The operating profit was €1.6 billion in 2017, an increase of 34.6% over the previous year.[7][8] As of 2017, Škoda's profit margin was the second-highest of all Volkswagen AG brands after Porsche.[9]