Car production decreases, but overall figures are optimistic

Automotive production decreased by 1.7% last year to 1.174 billion cars. Despite the decline, 2012 saw the second largest automobile production in Czech Republic’s history. This is also the first decrease since 2003. Last year, car production went up by 9.5% compared to 2010, while the past decade has seen the output of the automotive industry grow 1.6 times. In the whole of Europe, the car industry suffered greater loses, with automobile production decreasing by 7%.