New Skoda factory to be built in Eastern Europe

New Skoda factory to be built in Eastern Europe

Published at: 2018-11-07 10:17 | Author: CIJEurope.com
There's a growing belief that Volkswagen will build a new production plant for its Škoda line of automobiles somewhere in Eastern Europe, with Bulgaria and Turkey reportedly both being considered. The German daily Handelsblatt writes that what's clear is that it won't be built in the Czech Republic, where the company is unable to find enough labor to keep up with demand for its cars. Škoda Auto produced 1 million cars in 2014, but the annual figure has since grown to 1.23 million annually, with substantial further expansion expected in the future. The company's boss Bernhard Maier predicts it will need to find somewhere to build another 400,000 cars per year just to meet projected demand for Škoda vehicles sold in Europe.

Similar Stories:

FAKT AG to invest €1bn in Hungarian agricultural project
The German company FAKT AG is going to invest in a new center in northwestern Hungary. The  »
Škoda Auto to narrow shortlist for new plant to two countries
Hospodářské noviny reports that Škoda Auto and its owner Volkswagen are about to narro  »
Brewery Tuzla investing €2.8m in Bosnian operations
Brewery Tuzla is planning to invest €2.8m to expand its operations in Bosnia. The brewer  »
Bulgaria’s auto industry tops €102m in investments last year
Bulgaria’s automotive investment volume exceeded €102m last year, creating 3,200 new j  »
How does Bucharest’s investment market compare to Prague’s? There’s little compari   »
How much are you lending on infrastructure projects in Slovakia? How does it compare to ot   »
Should we believe people in the market when they say they’re working on five to six deal   »
Going into 2016, most observers assumed Czech retail assets would be a major investment ta   »