Profits Slump At Škoda, But The Future's Bright

Škoda Auto, the Czech subsidiary of Germany's Volkswagen (VW), has reported a 91.4% year-on-year (y-o-y) slump in its net profits to CZK312mn (EUR11.7mn) for Q109, according to company spokesperson Jaroslav Cerny. Chairman of the Board of Directors Reinhard Jung has blamed the results, its worst for two years, on the global economic

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