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CZECH AUTOMOTIVE INDUSTRY AND COVID-19.

Authors :
KUČERA, JIŘÍ
TICHÁ, SABINA
Source :
Ad Alta: Journal of Interdisciplinary Research; Jun2022, Vol. 12 Issue 1, p225-228, 4p
Publication Year :
2022

Abstract

The objective of this paper is to analyze how Czech car manufacturers have coped with the COVID-19 pandemic. Included are data on manufacturing companies taken from the Cribis database of the CRIF - Czech Credit Bureau a.s., specifically data on ŠKODA AUTO a.s., Hyundai Motor Manufacturing Czech s.r.o. and Toyota Motor Manufacturing Czech Republic s.r.o. Subsequently, the research comprises economic results, ROS (return on sales) and indebtedness calculated in relation to the aforementioned companies for the period of 2019-2020. The results show that the car manufacturers had greater losses during the COVID-19 pandemic than the year before. Additionally, they became more indebted in 2020 and had lower return on sales than in 2019. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
18047890
Volume :
12
Issue :
1
Database :
Complementary Index
Journal :
Ad Alta: Journal of Interdisciplinary Research
Publication Type :
Academic Journal
Accession number :
157862780