Skoda Auto sees signs of recovery after first-half deliveries crashed 31% amid coronavirus lockdown measures, the Czech carmaker owned by Volkswagen said on Friday.
FILE PHOTO: Cars are parked in the courtyard of Skoda Auto's factory as the company restarts production after shutting down last month due to the coronavirus disease outbreak in Mlada Boleslav, Czech Republic, April 27, 2020. REUTERS/David W Cerny/File Photo
The company, a bellwether for the Czech economy which contracted by a record 10.7% year-on-year in the second quarter, said it expected global markets to stabilise gradually as long as the coronavirus pandemic does not worsen significantly. It said that its programme to restart operations since June had shown positive effects and said incoming orders had started to exceed last year’s level. Demand at European dealerships had increased, it added.
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