Škoda Auto (Czech pronunciation: [ˈʃkoda] ( listen)), more commonly known as Škoda, is a Czech automobile manufacturer founded in 1895 as Laurin & Klement. It is headquartered in Mladá Boleslav, Czech Republic.
In 1925 Laurin & Klement was acquired by Škoda Works which itself became state owned during the days of the communist government. After 1991 it was gradually privatized and in 2000 Škoda became a wholly owned subsidiary of the Volkswagen Group.[