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.
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