Eurocar Nearly Doubles Production In 2006

Eurocar, which manufactures Volkswagen and Skoda cars and Seat cars under license, produced 21,390 vehicles, an increase of 91.1% yoy. The company’s line of Skoda cars saw the biggest demand. Eurocar increased Skoda production by 95% yoy to 19,063 cars. Olha Pankiv: The company just missed its goal of increasing production by 92% in 2006 due mostly to capacity limitations. With three-month waiting lists at most dealerships for the majority of the company’s models, Eurocar plans to use the EUR 252 mln loan it received in October to expand its production facilities to keep up with increasing demand.