Czech automotive producer Skoda Auto AS, which is part of the Volkswagen group, is slowing the pace of its Octavia sedan production starting from March, a decision influenced by a slowdown in sales, as Dow Jones reports.
Skoda Auto will slow the production of the car form the current 574 units daily to 441 units. The Octavia sedan was Skoda’s best selling vehicle last year.
"The market hasn’t developed as well as we had expected," Skoda spokesman, Jaroslav Cerny was quoted as say… (read more)