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Skoda will invest $2.96B in new technologies over next five years

Skoda will use part of the investment to upgrade its plants. The Kvasiny factory is pictured. (Skoda)
R
By:
Reuters
March 24, 2021 10:37 AM

PRAGUE -- Skoda said on Wednesday it would invest around 2.5 billion euros ($2.96 billion) over the next five years on future technologies, with more than half going to electric vehicle investment.

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