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company profile
Škoda Auto company
Gautam Kumar
September 15, 2020 09:09:51 PM
5 minutes
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Škoda Auto company
In
1925
Laurin
&
Klement
was
acquired
by
the
industrial
conglomerate
Škoda
Works,[4]
which
itself
became
state
owned
in
1948.
After
1991
it
was
gradually
privatized
to
the
German
Volkswagen
Group,
in
1994
became
its
subsidiary
and
in
2000
a
wholly
owned
subsidiary.[5][6] 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.[7][8]
As
of
2017,
Škoda's
profit
margin
was
the
second
highest
of
all
VW
Group
brands
after
Porsche.[9]
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