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BUSINESS IN SHORT

Slovakia is world's top carmaker

SLOVAKIA last year became the world’s number one per capita car manufacturing country, producing 171 automobiles per 1,000 inhabitants. The Czech Republic placed second, the Pravda daily wrote.

SLOVAKIA last year became the world’s number one per capita car manufacturing country, producing 171 automobiles per 1,000 inhabitants. The Czech Republic placed second, the Pravda daily wrote.

The three car producers with factories located in Slovakia – Volkswagen, PSA Peugeot Citroën and Kia – made almost 927,000 vehicles, the e-trend.sk business news website wrote on April 2. This was a rise of almost two-fifths compared with 2011.

“Calculated for 1,000 inhabitants, 171 cars were produced in Slovakia in 2012,” head of the Slovak Association of Automotive Industry Jaroslav Holeček said, as quoted by e-trend.sk.

The automotive industry has become the main engine of the Slovak economy. According to estimates, the three carmakers in the country should maintain production at 2012 levels this year, despite a decline in the European market for new cars.

“The first two months of 2013 were slightly weaker than in 2012,” Holeček told e-trend.sk. “But we still believe that car production will also rise mildly this year, and that in the end we will make 930,000 automobiles throughout the whole year.”

If this happens, it would mean that Slovakia would be able to keep its position as the world’s top producer of passenger cars. Last year, global production of passenger cars increased by 5.3 percent to 63.1 million vehicles. The highest number of cars in total was produced in China.


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