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Bohdan Wojnar, Bernhard Maier, Klaus-Dieter Schurmann

Car maker Skoda Auto invested more than EUR500m (some Kc12.8bn) in its Czech plants in 2018, and it will invest EUR2bn (some Kc51.2bn) in electromobility and new mobility solutions in the next four years, the company said at its annual press conference today, on Wednesday, March 20, 2019. The company's business results were affected by large investments in new technology - electromobility and digitisation, higher personnel costs and unfavourable exchange rates, board chairman Bernhard Maier (centre) said. Other reasons included new emission standard WLTP, and geopolitics, chiefly the US-Chinese trade dispute and Brexit. Board members Klaus-Dieter Schurmann (left) and Bohdan Wojnar (right). (CTK Photo/Radek Petrasek)

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Klaus-Dieter Schurmann

Car maker Skoda Auto invested more than EUR500m (some Kc12.8bn) in its Czech plants in 2018, and it will invest EUR2bn (some Kc51.2bn) in electromobility and new mobility solutions in the next four years, the company said at its annual press conference today, on Wednesday, March 20, 2019. The company expects challenges on some key markets in 2019, board member Klaus-Dieter Schurmann said. (CTK Photo/Radek Petrasek)

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Klaus-Dieter Schurmann

Car maker Skoda Auto invested more than EUR500m (some Kc12.8bn) in its Czech plants in 2018, and it will invest EUR2bn (some Kc51.2bn) in electromobility and new mobility solutions in the next four years, the company said at its annual press conference today, on Wednesday, March 20, 2019. The company expects challenges on some key markets in 2019, board member Klaus-Dieter Schurmann said. (CTK Photo/Radek Petrasek)

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Bohdan Wojnar, Bernhard Maier, Klaus-Dieter Schurmann

Car maker Skoda Auto invested more than EUR500m (some Kc12.8bn) in its Czech plants in 2018, and it will invest EUR2bn (some Kc51.2bn) in electromobility and new mobility solutions in the next four years, the company said at its annual press conference today, on Wednesday, March 20, 2019. The company's business results were affected by large investments in new technology - electromobility and digitisation, higher personnel costs and unfavourable exchange rates, board chairman Bernhard Maier (centre) said. Other reasons included new emission standard WLTP, and geopolitics, chiefly the US-Chinese trade dispute and Brexit. Board members Klaus-Dieter Schurmann (left) and Bohdan Wojnar (right). (CTK Photo/Radek Petrasek)

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Klaus-Dieter Schurmann

Car maker Skoda Auto invested more than EUR500m (some Kc12.8bn) in its Czech plants in 2018, and it will invest EUR2bn (some Kc51.2bn) in electromobility and new mobility solutions in the next four years, the company said at its annual press conference today, on Wednesday, March 20, 2019. The company expects challenges on some key markets in 2019, board member Klaus-Dieter Schurmann said. (CTK Photo/Radek Petrasek)

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Bernhard Maier, Klaus-Dieter Schurmann

Car maker Skoda Auto invested more than EUR500m (some Kc12.8bn) in its Czech plants in 2018, and it will invest EUR2bn (some Kc51.2bn) in electromobility and new mobility solutions in the next four years, the company said at its annual press conference today, on Wednesday, March 20, 2019. The company's business results were affected by large investments in new technology - electromobility and digitisation, higher personnel costs and unfavourable exchange rates, board chairman Bernhard Maier (right) said. Other reasons included new emission standard WLTP, and geopolitics, chiefly the US-Chinese trade dispute and Brexit. Board member Klaus-Dieter Schurmann (left). (CTK Photo/Radek Petrasek)

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Skoda Klement, electric bike, e-bike, micromobility concept, Bernhard Maier, CEO

From left to right Skoda Auto Board Members Alain Favey, Bohdan Wojnar, Christian Strube, Bernhard Maier, CEO, Klaus-Dieter Schurmann, Michael Oeljeklaus and Dieter Seemann pose with electric concept car Skoda Vision iV that was presented at the 2019 Geneva International Motor Show on Tuesday, March 5th, 2019. (CTK Photo/Rene Fluger)