3. 7. 2026
In the Media
Czech Auto Industry Breaks Records, But Western Europe Plunges into Crisis. What's Holding It Back?
Domestic car manufacturers are thriving—reaching record revenues of CZK 1.6 trillion and accounting for a tenth of the Czech GDP. However, the joy of success is overshadowed by the situation beyond the borders, where traditional Western brands are hitting a wall due to market transformation. 'European automakers are facing a major drop in demand, primarily because China can produce electric vehicles significantly cheaper,' comments Jan Boubín, an economist from NEWTON University, in a report for TV Nova's Televizní noviny.