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Automotive Industry 1

Automotive Industry

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Title: Automotive Industry

Essay Details:

Subject: Business

Author: Rhonda H

Date: October 6, 2013

Level: University

Grade: C

Length: 8 / 2334

Essay text:

Our country has managed to become a place for the relocated production capacities of renowned car manufacturers. First, it became a home base of Volkswagen, a.s. (EUR 1.24 billion) followed by PSA company nearly 12 years later (EUR 700 million) and by Kia a little bit later (EUR 1.1 billion). Recent investments of the three major car manufacturers in the Slovak Republic represent more than SKK 130 billion. Further foreign investors have already announced their investments in the Slovak Republic. According to estimates of Slovak experts car manufacturing will account for more than 50% of Slovakia’s industrial production by 2008 and the automotive industry should represent more than 60% of the Slovak industrial exports...

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