Skoda will cut production of its Octavia starting in March
By Andrew C., 30 Aug, 2010. 0 Comments
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Starting in March, Volkswagen AG Czech unit Skoda will cut production of its Octavia compact from 574 to 441 vehicles a day at its main factory in Mlada Boleslav, according to a company spokesman. Last year, Skoda sold a record 684,226 cars, including 273,590 Octavias. The increase in sales came as a result of car scrapping subsidies in markets such as Germany and the expansion in China. Skoda exports about 90% of what it produces. In the first quarter, Skoda cut production of its smaller models due to a drop in demand with the termination of several car scrapping subsidies in west European markets.
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