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Å koda Auto
Škoda Auto a.s. (), 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 1991, it was gradually privatized to the German Volkswagen Group, becoming a subsidiary in 1994 and since 2000 a wholly owned subsidiary. 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. History The Škoda Works were established as an arms manufacturer in 1859. ŠKODA AUTO (and its predecessor Laurin & Klement) is the fifth-oldest company producing cars, and has an unbroken history alongside Daimler, Opel, Peugeot, and Tatra. Laurin & Klement ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Å koda Transportation
Škoda Transportation a.s. is a Czech engineering company that continues the legacy of Škoda Works' rolling stock manufacturing that started at the end of 19th century in Plzeň. Following the first world war, the Works commenced locomotive production in a separate factory dedicated to that purpose. This factory became a separate company in the 1990s. Today, Škoda Transportation develops and manufactures electric rail vehicles for urban and railway transport. Škoda Transportation fully or partially owns a number of other companies active in the field of development and manufacturing of rolling stock, electric motors and related products in several European countries. In April 2018, the European Commission cleared purchase of the group by PPF, a financial and investment group incorporated in the Netherlands. Škoda Transportation group of companies is among the world's largest manufacturers of trams and propulsion units for trolleybuses and a significant regional producer of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privatization
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous nationaliz ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
