Sales of new cars in Slovakia dropped 6.04% y/y to 5,751 units in October 2011, following a 4.44% annual decline in September, the Slovak Automotive Industry Association (ZAP) said. For the first ten months of the year, sales rose 11.72% y/y to 55,705 cars. Skoda kept its leading position in the passenger car segment with a 20% market share at the end of October, followed by Volkswagen with share of 8.78% and Kia with 7.02%. Sale of trucks, weighing 3.5 tonnes to 12 tonnes, rose 14.72 y/y to 413 units in the ten-month period, and sales of heavy trucks above 12 tonnes jumped 92% to 2,685 units. Italian Iveco topped the light trucks segment with a 50.85% market share, while Volvo led with a 23.17% market share in the heavy trucks segment. A total of 219 new buses were sold in the country from January to October, down 37.96% y/y, with Irisbus as the largest seller with a 71.69% share. |
German car maker BMW considers building a new plant in eastern Europe and Slovakia is one of the potential locations, Hospodarske Noviny business daily reported citing BMW's board member Ian ... more
Slovakia's unemployment rate in February 2013 fell for the first time in six months going down to 14.7% from 14.8% in January when it reached its highest level in more than 8.5 years, data from ... more
France-based CCN Group, a supplier of components for turbines and automobiles, considers building a new plant in Slovakia in the town of Belusa, Hospodarske Noviny daily reported citing unnamed ... more