ŠKODA is one of the world's longest-standing carmakers. Since becoming a member of the Volkswagen Group in 1991, the Czech brand has more than quintupled its deliveries to around 921,000 cars in 2013.ŠKODA cars are Simply Clever" – highly functional, ideal for everyday use, extremely spacious and excellent value for money. The company currently produces seven car models in all major car segments and is active in more than 100 markets.ŠKODA has set itself the goal of selling at least 1.5 million cars a year by 2018. To achieve this, the company is targeting investments in new models that augment and strengthen its existing range. At the same time, ŠKODA is further expanding its global market presence.
The car manufacturer was founded in 1895 as Laurin & Klement, it was acquired by Škoda Works in 1925 and became a wholly owned subsidiary of the Volkswagen Group in 2000.
- Part of Speech: proper noun
- Industry/Domain: Automotive
- Category: Automobile
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