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�koda Auto

From Wikipedia, the free encyclopedia


Not to be confused with the now-separate engineering company �koda Transportation
or the former parent �koda Works.
�koda Auto Skoda Auto logo (2011).svg
Type
Private company
Industry Automotive
Predecessor Laurin & Klement
Founded 18 December 1895; 122 years ago (as Laurin & Klement)
Founder V�clav Laurin and V�clav Klement
Headquarters Mlad� Boleslav, Czech Republic
Area served
Worldwide (except North America, Hong Kong, Macau and Brazil)
Key people

Bernhard Maier (chairman of the board of directors)


Christian Klingler (chairman of the supervisory board)

Products Automobiles
Production output
Increase 1,127,700 units (2016)[1]
Revenue Increase CZK 347.987 billion (2016)[2]
Increase (US$ 13.56 billion)
Operating income
Decrease CZK 30.892 billion (2016)[2]
Decrease (US$ 1.2 billion)
Net income
Decrease CZK 25.163 billion (2016)[2]
Decrease (US$ 981 million)
Total assets Increase CZK 228.180 billion (2016)[2]
Increase (US$ 8.89 billion)
Total equity Increase CZK 137.580 billion (2016)[2]
Increase (US$ 5.36 billion)
Number of employees
Increase 28,373 (2016)
Parent Volkswagen Group
Divisions �koda Motorsport
Subsidiaries �koda Auto Deutschland GmbH
Skoda Auto India Private Ltd.
�koda Auto Slovensko s.r.o.
Website skoda-auto.com

�koda Auto (Czech pronunciation: ['?koda] (About this sound listen)), more commonly
known as �koda, is a Czech automobile manufacturer founded in 1895 as Laurin &
Klement. It is headquartered in Mlad� Boleslav, Czech Republic.

In 1925 Laurin & Klement was acquired by �koda Works[3] which itself became state
owned during the days of the Communist government. After 1991 it was gradually
privatized and in 2000 �koda became a wholly owned subsidiary of the Volkswagen
Group.[4]

Initially, the company was meant to serve the role of VW Group�s entry brand. Over
time, however, the �koda brand has shifted progressively more upmarket, with most
models overlapping with their Volkswagen counterparts on price and features, while
eclipsing them on space.[5] Its total global sales reached 1.13 million cars in
2016 and had risen annually by 6.8 percent,[1] profit rose by 6.5% in 2015.[6][7]