IN SHORT BUSINESS

Automotive industry may double

THE AUTOMOTIVE industry could account for about half of industrial production in Slovakia in the coming years.

According to the Hospodárske noviny business daily, the car industry already has a significant role in Slovakia.

But the announced investment by Getrag Ford Transmissions at the Kechnec industrial park near Košice has shifted estimations about the importance of the automotive industry in Slovakia.

According to Mária Nováková of the Automotive Industry Association, automotive production could reach 50 percent of overall industrial output in Slovakia, employing about 100,000 people.

Last year, car and component production accounted for 25 percent of Slovak industrial production, employing approximately 54,000 people.

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