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Škoda Auto often shortened to Škoda, is a Czech automobile manufacturer established in 1925 as the successor to Laurin & Klement and headquartered in Mladá Boleslav, Czech Republic. Škoda Works became state owned in 1948. After 1991, it was gradually privatized to the German Volkswagen Group, becoming a subsidiary in 1994 and since 2000 a wholly owned subsidiary. Škoda automobiles are sold in over 100 countries and in 2018, total global sales reached 1.25 million units, an increase of 4.4% from the previous year. The operating profit was €1.6 billion in 2017, an increase of 34.6% over the previous year. As of 2017, Škodas profit margin was the second highest of all Volkswagen AG brands after Porsche.

Founded: 1925

Headquarters: Mladá Boleslav, Czech Republic

Official Name: Škoda Auto

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