Production Plunges But Optimism Remains

The Czech Republic's Automotive Industry Association (SAP) has revealed that passenger car and light utility vehicle (LUV) production fell by 23% year-on-year (y-o-y) to 205,281 units in Q109. The decrease was a result of falling vehicle orders over H208-early 2009 which prompted as the likes of Škoda Auto and Hyundai to reduce production, said Antonin Sipek, director of SAP.

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