Skoda Auto to Re-Enter Sri Lankan Market

Date : 02/20/2020 @ 2:16PM
Source : Dow Jones News
Stock : Volkswagen AG (VOW)
Quote : 115.7  0.0 (0.00%) @ 4:35PM

Skoda Auto to Re-Enter Sri Lankan Market

Volkswagen (XE:VOW)
Historical Stock Chart

2 Months : From Feb 2020 to Apr 2020

Click Here for more Volkswagen Charts.
   By Jessica Sier 
 

Czech car manufacturer Skoda Auto said Thursday that it will re-enter the Sri Lankan market after 17 years as part of parent company Volkswagen AG's international expansion strategy.

Skoda, which is fully owned by Volkswagen, plans to open a showroom in Colombo in May with four vehicles.

The move complements Volkswagen's India strategy, which has enabled Skoda to develop vehicles for both Indian and Sri Lankan customers.

Skoda will be collaborating with IWS Automobiles as an importer and trading partner.

 

Write to Jessica Sier at jessica.sier@wsj.com

 

(END) Dow Jones Newswires

February 20, 2020 09:01 ET (14:01 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.