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| | Times of Oman |
 | | Skoda, which Volkswagen bought into in 1991, announced record net profits of 11.06 billion koruna (392 million euros, 515 million dollars) for 2006 last week, an increase of 40 percent on the previous year. |
 | | “Skoda is an extremely profitable part of the (Volkswagen) group,” stressed Marc-Rene Tonn, an analyst with German bank MM Warburg and Co, adding that about one in every 10 Volkswagen Group cars was produced in the Czech Republic in 2005. |
 | | Skoda is now being steered into becoming Volkswagen Group’s low-cost spearhead into the booming economies of Russia, India, and China, he added. |
| timesofoman.com /inner_cat.asp?cat=4&detail=3712&rand=usSZNm3gHL0A26duPc80rWEYKQ (481 words) |
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