Skoda: 25 years of success thanks to the partnership with the VW Group
It was March 28, 1991 when the Volkswagen Group (at that time already at the top but certainly not the today's giant) decided to increase the number of its controlled brand acquiring Skoda.
The agreement was signed between the Minister of Industry of the Government of Prague, Jan Vrba, and the number one of the German carmaker, Carl Hahn, with the initial acquisition of a 31% share for an investment of 620 million DM.
The VW Group has gradually increased its stake in Skoda up to hold 100% on 30 May 2000. The final agreement between the parties was then signed on April 16.
Today the brand is celebrating the 25th anniversary of one of the most successful partnerships in automotive history. In this quarter of century Skoda has gone from being a mainly regional carmaker to become now one of the most dynamic brand in absolute terms thanks to a marked improvement of its image with more and more advanced products also taking advantage (of course) of the technological synergies with the Wolfsburg Group.
Today, the Czech manufacturer produces and sells more than 1 million units a year and is present in over 100 international markets with manufacturing facilities in 14 countries on two continents.
At the time of acquisition by the Volkswagen Group, Skoda was a discrete reality with about 200,000 units assembled every year.
The range consisted of just two models, including the Favorit 1987, while today the Czeck brand distributes worldwide a total of 40 variants of models, from the Citigo city car to the flagship Superb.