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Czech car production increases by 6 pct in last ten months

Xinhua, November 22, 2016 Adjust font size:

The number of cars produced in the Czech Republic is 1.11 million in the first ten months this year, up six percent year-on-year, figures released by the Czech Automobile Industry Association (CIA) showed on Monday.

Skoda increased its production by nearly nine percent to 631,436 cars, Hyundai Motor up roughly two percent to 286,800 cars and TPCA Kolin up two percent to 191,688 cars.

Following the excellent performance of the first three quarters of this year, there was sign of a slowdown in motor vehicle production in October, said Jan Vejmelek, chief economist with Czech Commercial Bank. He said this is a result of lower demand from abroad.

The CIA expects a record number of car to be produced during the whole year of 2016. Endit