Škoda Auto’s revenues fell by more than a quarter in the first half of the year to 7.5 billion euros (196.5 billion CZK) from 10.2 billion a year ago, Volkswagen said.
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Škoda Auto sold 372,000 cars in six months, a decrease of 33.6 percent. The outage was due to coronavirus shutdown. The carmaker stood for six weeks.
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The entire Volkswagen Group fell into a loss of 800 million euros (21 billion crowns). Last year, it had a profit of 10 billion euros over the same period.
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The Group expects a significant drop in sales throughout this year. Although it expects to achieve a full-year operating profit, it should be much lower than last year.
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Volkswagen headquarters in Wolfsburg
Photo: Fabian Bimmer, Reuters
Due to problems caused by a drop in production and demand as a result of the coronavirus crisis, Volkswagen definitively canceled the project to build a new plant in Turkey, where the Škoda Superb was to be produced, among other things.
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US General Motors lost more than $ 800 million (17.9 billion crowns) in the second quarter. Sales of its company cars fell by 34 percent year on year.
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