Škoda in final stages of exiting from Russia, says CEO

Corporate developments

Sales plunged to 18,300 units in 2022 from 90,400 units in 2021

Czech carmaker Škoda Auto is in the final stages of exiting from Russia after taking an almost EUR700 million (around USD742 million) hit from the impact of war in Ukraine, its CEO Klaus Zellmer said, according to a Reuters report dated 16 March.

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