With the political changes of 1989, when the Berlin Wall was brought down, came new market economy conditions. The government of the Czech Republic and the management of ŠKODA began to search for a strong foreign partner in an effort to secure the company's long term international competitiveness.
In December 1990, they decided on Volkswagen and a joint venture began the following year. ŠKODA became the fourth brand in the Volkswagen group, alongside Volkswagen, Audi and Seat. Since then, ŠKODA has gone from strength to strength, manufacturing not only many excellent cars but many happy drivers.
Article source: www.skoda.co.uk