October 13, 2008

The Automotive Industry Will Lose CEK 21 Bil

Czech Republic: According to an analysis of the Association of the automotive industry, the 92 Largest firms from the automotive sector will lose CEK 21 bil in 2008. The highest losses of CEK 10.4 bil will be cause by the strong Czech crown. If the development of the exchange rate of the Czech crown goes on by the same way as during 1H 2008, the firms will have to decrease production and will have to dismiss.

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