Compulsory auction of Tatra
Tatra, a commercial vehicle producer based in Czechia, was subject to a forced sale and then taken over by the Truck Development company.
Tatra has been in financial difficulties for quite a long while. According to local media reports, the Truck Development enterprise purchased Tatra for EUR 6.8 million. The latter manufacturer is domiciled in Koprivnice in eastern Czechia and built its first truck in 1898. (ben)