Emerging Europe Confirms Status As Key Market For Production And Sales

Increased investment by automotive majors is fuelling growth in volume in CEE. Slovakia is set to become the region's automotive hub, with VW and PSA Peugeot Citroën set to lift production capacity to around 870,000 units by 2010. Slovakia has managed to beat Poland and Czech Republic in terms of securing large-scale investment in the industry due to its low wages, low taxes and growing manufacturing base. However, Czech Republic is also witnessing high growth in output volume. A EUR1.3bn plant near Kolin in Czech Republic - a joint venture between Toyota and PSA - opened in 2005 with a

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