Hyundai Nošovice plant posts net profit of 6.69 billion crowns

The South Korean Hyundai plant in Nošovice posted a net profit to the tune of 6.69 billion crowns in 2017, a drop by 21 percent on the previous year, according to the company yearly report released on Wednesday.

The car plant in north Moravia, which produced 356,700 vehicles last year, will downsize its production in 2018, due to a slowdown of orders on the European market.