Škoda produces millionth car this year
The carmaker Škoda Auto on Wednesday produced its millionth vehicle this year, a white Škoda Fabia, the company said in a statement. It is the first time the German-owned manufacturer produced a million cars in one year. Škoda CEO Winfried Vahland said the company’s strong output was due to the fact the firm now offered the widest choice of models in its history. Over the first nine months of the year, Škoda’s revenues grew by nearly 20 percent to 8.8 billion euro. By 2018, the carmaker plans to increase production to 1.5 million vehicles annually.