Car maker Skoda Auto is about to launch a new service on the Czech market– a long term operation leasing scheme for private individuals. At the outset the service will be targeted at well-off clients who are used to trading in their vehicle for a new model every few years and who do not want the bother of dealing with regular servicing and insurance.
In the telecoms sector, the Czech Republic has not looked like a model market as far as giving the customer a better deal. But there are signs that the squeeze is being put on some of the big operators on the market and they are being forced to make changes. T-Mobile has just wrapped up its latest step and its peers are likely to follow suit.
Long an engine of the economy, car production decreased slightly in the Czech Republic in 2013 when 1.13 million vehicles rolled off the production line. But this year the industry is revving up again, as reflected in the fact that one of the country’s big three producers, TPCA – a joint operation of Japan’s Toyota and the French company Peugeot-Citroen – has been taking on more workers as it introduces new models.