Skoda

Skoda

SKODA

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ŠKODA AUTO  is a Czech automobile manufacturer founded in 1895 as Laurin & Klement and headquartered 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 2018, total global sales reached 1.25 million units, an increase of 4.4% from the previous year.[1] The operating profit was €1.6 billion in 2017, 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.[8] ŠKODA AUTO was founded in 1895 in Mladá Boleslav, Czech Republic.

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