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Overview of Skoda
Škoda Auto, more commonly known as Skoda, is a Czech automobile manufacturer founded in 1895 as Laurin & Klement. It is headquartered in Mladá Boleslav, Czech Republic. The car manufacturer was acquired by Škoda Works in 1925 and later became a wholly owned subsidiary of the Volkswagen Group in 2000. Initially, the company was meant to serve the role of the VW Group's entry brand. Over time, however, the Skoda brand has shifted progressively more upmarket, with most models overlapping with their Volkswagen counterparts on price and features, while eclipsing them on space. Its total global sales reached 1.04 million cars in 2014 and had risen annually by 12.7 percent.
The Škoda Works were established as an arms manufacturing plant in 1859. Škoda Auto (and its predecessors) is one of the five oldest companies producing cars and has an unbroken history alongside Daimler, Opel, Peugeot and Tatra.