Very likely, however Czechoslovak government dodn't intervene in many cases during crisis even if it could. So lets play with statment Skoda went under.If that becomes an issue I think the government would be forced to step in because they could not afford to lose that critical of an industry.
Yeah it would probably restructure than go into Chapter 7 bankruptcy and liquidate. If the government did let that happen they would be destroyed economically as a nation and militarily would be a wreck too. They'd probably be begging for Germany to take them, because they'd have lost their biggest exporter (AFIAK).Very likely, however Czechoslovak government dodn't intervene in many cases during crisis even if it could. So lets play with statment Skoda went under.
There is also possibility even when going under some brunches will stay it work as separate companies.
The Hetzer came too late to really matter and the Pz II could have been turned into something like it (same class of tank and all). I suppose that just means more Pz IIs early on or just more focus on making Pz IIIs and IVs.Bolo by to škoda.But Germans won't get the early tanks or the Hetzer.
Actually my mistake to mention Pz 38(t). These could be as OTL, and Hetzer could be there. Maybe even Czechoslovaks can have LT-38 sooner as there will be no LT-35s and LT-38 tank was designed and manufactured by CKD.The Hetzer came too late to really matter and the Pz II could have been turned into something like it (same class of tank and all). I suppose that just means more Pz IIs early on or just more focus on making Pz IIIs and IVs.