VW's Skoda to invest 2 bln euros in Czech Rep

Newswire

PRAGUE, Sept 27 (Reuters) - Czech car maker Skoda Auto, a unit of Germany's Volkswagen AG , will invest 2 billion euros ($2.83 billion) into an expansion in the Czech Republic over the next five years, a company source said on Thursday. "Investment into the Czech Republic over 5 years will be approximately 2 billion euros," the company official said on condition he would not be named. Skoda announced earlier on Thursday a plan to launch a new model and expand production at its Czech ...

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