Crisis Legal NewsClick here to add this website to your favorites
Crisis News Search >>>

Czech carmaker Skoda Auto AS, a unit of Germany's Volkswagen AG, said Tuesday it planned to cut production by another 18,000 cars this year as the global economic turmoil hits the auto industry, an official said.

Skoda spokesman Jaroslav Cerny said the measure was prompted mostly by a fall in demand in the Western European car markets.

Skoda Auto will halt car production for an unspecified number of days in November and December in all three of its factories in the Czech Republic, Cerny said. He didn't give details.

The company had already suspended car production in late October to reduce production by 13,000 cars.

Skoda Auto is the country's largest exporter and delivered a record 630,032 cars in 2007.

The company reported last week its net profit in the first three quarters of the year dropped 24.7 percent to 8.7 billion koruna ($458 million; 357 million euros) as demand has been hurt by the global crisis.

© Crisis Legal News - All Rights Reserved.

The content contained on the web site has been prepared by Legal Crisis News
as a service to the internet community and is not intended to constitute legal advice or
a substitute for consultation with a licensed legal professional in a particular case or circumstance.
 Law Firm Web Design Information
Law Promo can construct your law firm a brand new responsive website, or help you redesign your existing site to secure your place in the mobile world. We believe our work speaks for itself by showcasing quality design while reflecting our extensive experience in the online legal marketing industry. Law Firm Website Designs by Law Promo.| Law Firm Logo Design
   Latest Crisis Legal News
   Sponsored Links
Chicago Business Law Attorney
Corporate Litigation Attorneys
Fort Lauderdale Criminal Defense Lawyer
Miami Sex Crimes Lawyer
Fort Washington Employment Law Firm
Attorney Marc E. Weinstein
Santa Ana Workers' Compensation Lawyers
Car Accidents Attorneys
New Rochelle Personal Injury
Eugene Criminal Defense
Law Office of Max J Mizejewski
Family Law. Call 541.505.9872
CPA Accounting Web Design
Finanace Office Web Designs
Lorain Elyria Divorce Lawyer
New York Adoption Lawyers
New York Foster Care Lawyers
Adoption Pre-Certification
Cobb County Criminal Attorney
Georgia Criminal Defense Lawyer
San Francisco Trademark Lawyer
San Jose Trademark Lawyer
Eugene Chapter 7 Bankruptcy Lawyer
Oregon Chapter 7 Bankruptcy Lawyer