Czech Car Output Drops 18% in First Quarter, Hospodarske Says

Czech car output declined 18 percent in the first quarter from a year earlier, Hospodarske Noviny reported, citing figures from automakers.

Toyota Peugeot Citroen Automobile Czech, a venture of Toyota Motor Corp. (7203) and PSA Peugeot Citroen, posted the biggest decline, by 24 percent, the newspaper said. Car factories are the Czech Republic’s largest manufacturing industry.

To contact the reporter on this story: Peter Laca in Prague at placa@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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