UPDATE 1-Czech Skoda Auto 2002 net down on currency strength

Newswire

(adds profit forecast, background) MLADA BOLESLAV, Czech Republic, Feb 26 (Reuters) - Skoda Auto, east Europe's largest car maker and a unit of Germany's Volkswagen AG , said on Wednesday that profits slumped in 2002 due to a strong crown and weak market conditions. The auto maker, the country's single largest exporter, accounting for more than 10 percent of goods shipped abroad, has long warned that revenues were being hit by a strong crown currency, which makes imports cheaper and ...

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