Skoda factories have received investments as well and became as technologically advanced as their Volkswagen counterparts. The latest of the Skoda works to secure investment is the Kvasiny plant, whose capacity will increase to 280,000 vehicles annually. Last year, the workshop made 150,000 cars and had 4,500 people employed.
Skoda’s story started as a company located in Mlada Boleslav in 1895, founded by Vaclav Laurin and Vaclav Klement. Initially, the company was making bicycles but eventually made its way to building cars.
The takeover by Volkswagen began in 1991, the year when the company celebrated making five million Skoda vehicles since 1905. However, the Skoda brand became a wholly owned subsidiary of the German corporation in 2000.
The previous production milestone for Skoda was announced on November 24, 2015. The anniversary marked the manufacture of 12 million cars at the Mlada Boleslav factory. So, out of the 18 million Skoda cars, 12 million were made at the company’s central plant.
Skoda is big in Europe and China, selling its vehicles on a global scale except for North America. The Czech brand has yet to sell its cars on this market. Taking into account Volkswagen Group’s recent issues, we do not expect the name to come to America too soon. As some of you know, the German company that owns Skoda is having some issues because of its Dieselgate scandal, and the Volkswagen Corporation has decided to cut unnecessary spending in the coming years.