Recently, Slovakia has grown to become one of the leading car producers in world, primarily thanks to the presence of three world-class automotive companies being established in Slovakia: Volkswagen Slovakia in Bratislava (since 1991), PSA Peugeot Citroën Slovakia in Trnava (since 2003) and Kia Motors Slovakia in Žilina (since 2004). The automotive industry has become a vital element in the economy of industrialized nations: motor vehicle production and sales are one of the major indicators of the status of the economy in those countries. Scharchburg, Richard P. Carriages Without Horses: J. Frank Duryea and the Birth of the American Automobile Industry. The blue indicates 11.27% of total adjusted gross income (AGI) was paid to this group and they paid 2.75% of income tax.
Research and development – the Commission has more than doubled the funds available for cooperative research and innovation in the automotive sector for the period 2014-2020. Between …Read More