Newswire Mar 22, 2017
VW's Skoda expects steady Czech crown after cap ends
MLADA BOLESlAV, Czech Republic, March 22 (Reuters) -
* Volkswagen unit Skoda Auto, the Czech
Republic's biggest company and exporter, expects the crown
to remain stable after the central bank lets the
currency float freely, a board member said on Wednesday.
* "It is not so good if it fluctuates up and down like crazy
...But nobody anticipates that. There is no reason to see
something like that," Klaus-Dieter Schurmann, Skoda's board
member for commercial affairs, told reporters.