Credit Crunch Puts A Dent In Skoda's Plans In The Czech Republic

Skoda Auto, the Czech subsidiary of German auto manufacturer Volkswagen AG, has revealed plans to cut back on vehicle production in the last two months of this year, in response to the ongoing global credit crisis. The manufacturer revealed that although production levels in the Czech Republic will be higher than last year's level of 630,000 vehicles, it will not produce its targeted 700,000 units this year.

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