Business

Skoda Posts Record Sales for Q1 2016

Skoda has posted its best first quarter to date as it shrugged off the emissions scandal hanging over parent company Volkswagen.

The Czech automaker sold 276,600 cars in Q1 of 2016, rising 4.3% on the same period of 2015.

Skoda sales director Werner Eichhorn said growth in China and Europe contributed to the strongest start in the company’s 121-year history.

However, Werner Eichorn said sales in some markets, particularly Russia, remained “tense”.

Sales of Skoda cars dropped in some markets in 2015 amid a controversy over the level of emissions from VW’s diesel and petrol cars.

In September 2015, Skoda said 1.2 million of its cars were fitted with the software that allowed VW to cheat US emissions tests.

Clyde K. Valle

Clyde is a business graduate interested in writing about latest news in politics and business. He enjoys writing and is about to publish his first book. He’s a pet lover and likes to spend time with family. When the time allows he likes to go fishing waiting for the muse to come.

Recent Posts

Trump Trial: Prosecutors and Attorneys Deliver Opening Statements

Prosecutors and Donald Trump’s attorneys delivered opening statements and the first witness was called on…

5 days ago

House Passes $95 Billion Package to Provide Aid to Ukraine, Israel, and Taiwan

The House of Representatives has finally approved $61 billion in new US military aid for…

6 days ago

The Current Real Estate Landscape in the United States

The real estate market in the United States has always been a gauge for economic…

1 week ago

Brigitte Macron to Be Subject of Biopic Series

France's first lady Brigitte Macron will be the subject of a biopic series. Production company…

2 weeks ago

Meghan Markle Unveils Her First Lifestyle Product

A first glimpse of the new business venture from Meghan Markle has been teased on…

2 weeks ago

Trump Trial: 63 Potential Jurors Say They Can’t Be Impartial

Court has wrapped up for the first day of Donald Trump's long-awaited hush-money trial in…

2 weeks ago