Škoda Auto
Logo since 2023 | |
Headquarters in Mladá Boleslav, Czech Republic, 2024 | |
| Company type | Subsidiary |
|---|---|
| Industry | Automotive |
| Predecessor | Laurin & Klement |
| Founded | 1925 |
| Founder | Václav Laurin and Václav Klement |
| Headquarters | , |
Area served | Worldwide (except Japan, US and Canada) |
Key people | Klaus Zellmer (CEO) |
| Products | Automobiles |
Production output | c. 802,000 units (2021) |
| Revenue | €17.7 billion (2021) (CZK 422.6 billion) |
| €1.08 billion (2021) (CZK 26.21 billion) | |
| CZK 22.41 billion (2021) | |
| Total assets | CZK 231.46 billion (2021) |
| Total equity | CZK 101.52 billion (2021) |
Number of employees | 36,032 (2021) |
| Parent | Volkswagen Group |
| Subsidiaries | Škoda Auto Česká republika Škoda Auto Deutschland GmbH Škoda Auto Slovensko s.r.o. Škoda Auto Volkswagen India |
| Website | skoda-auto |
| Footnotes / references | |
Škoda Auto a.s. (Czech pronunciation: [ˈʃkoda] ⓘ), often shortened to Škoda, is a Czech automobile manufacturer established in 1925 as the successor to Laurin & Klement and headquartered in Mladá Boleslav, Czech Republic. Škoda Works became state owned in 1948. After the Velvet Revolution, it was gradually privatized starting in 1991, eventually becoming a wholly owned subsidiary of the German multinational conglomerate Volkswagen Group in 2000.
Škoda automobiles are sold in over 100 countries, and in 2018, total global sales reached 1.25 million units, an increase of 4.4% from the previous year. The operating profit was €1.6 billion in 2017, an increase of 34.6% over the previous year. As of 2017, Škoda's profit margin was the second-highest of all Volkswagen AG brands after Porsche.