Skoda Auto set for record profits this year

The car maker Skoda Auto expects to make a record net profit of CZK 15 billion this year, the chairman of the company’s board Reinhard Jung told the iHNed.cz news website. Skoda’s revenues for 2007 should reach almost CZK 230 billion, it reported. The car maker, which is part of the Volkswagen group, is one of the Czech Republic’s most important companies, with around 28,000 employees in this country.