Skip navigation links
Press Releases
News from Turkey
Upcoming Tenders
Newsletter Subscription
This page is print preview page.
Click here to return to the page.
Print page
Turkish auto industry at full throttle despite the slowdown in Europe 

Hürriyet - Turkey’s automotive industry is showing no signs of slowdown amid the stagnation that is taking hold of the European car industry. New investments, facility upgrades, and model additions are taking place in global car makers’ Turkish facilities, while 58 of Europe’s top 100 car plants are facing serious losses in one of the worst years for the industry in decades.

Boosted by the country’s new incentive scheme, car makers with manufacturing operations in Turkey are pressing ahead with their investment plans totaling TRY 5 billion to be realized throughout 2013.

Ford Otosan, the Turkish subsidiary of Ford Motors, will be adding 4 new models to its product line in Turkey. Investing USD 1 billion in the process, the JV between Turkey’s Koc Group and Ford Motor Company is already manufacturing Tourneo Custom and Transit Custom, two passenger vans for the global market. The company plans to start production of the new Transit model light commercial vehicle (LCV) in August and will introduce yet another LCV , the Transit Courier, sometime next year. The Transit Courier will be manufactured in an all-new plant which is under construction in Turkey’s Kocaeli province. The company’s heavy truck unit that has been in operation in Turkey since 1960 relies on local manufacturing and engineering talent for the Cargo truck and Ecotorq engines, currently exported to over 60 countries.

The South Korean car maker Hyundai, presently manufacturing the i20 hatchback in Turkey, will soon add the next generation of i10 to its production line, which also competes in the same segment. The brand intends to solely focus on the production of superminis at its Turkish plant in Kocaeli, an important hub for Turkey’s automotive industry cluster. The TRY 1.1 billion facility upgrades will increase the plant’s capacity to 200,000 vehicles per year, with the first i10 rolling out in September.

Another Far-Eastern car maker, Toyota of Japan, is set to begin manufacturing the new Corolla in its Turkish plant this month. Having invested EUR 150 million in its Adapazari, Sakarya plant, Toyota Turkey will mainly supply the company’s European markets with the new Corolla and revamped Verso at a rate of 180,000 vehicles a year.

Unfazed by the falling sales in their home countries, two European manufacturers, Italian Fiat and French Renault, are expected to invest a total of TRY 800 million in their plants in Turkey. Turkish-Italian JV Tofas, is reportedly considering adding a sedan type vehicle to its production line next to the popular Doblo LCVs. Meanwhile, Oyak-Renault has plans to replace the Fluence with a new B-segment sedan by 2015 and is now waiting for the final approval from its headquarters in France.

Over 1 million motor vehicles were produced in Turkey in 2012 according to the Turkish Automotive Manufacturers Association. The auto industry is a key driver for Turkey’s increasingly export-oriented economy with 730,000 vehicles shipped abroad last year, generating an income of nearly USD 20 billion.

21.07.2017 Deals inked for another milestone in city hospitals project
11.07.2017 Turkey attracts one of the world’s top manufacturers of wind turbine blades
21.06.2017 World Investment Report: Turkey most active country in promoting investments
13.06.2017 Turkey in play again with robust growth rate
17.05.2017 President Erdoğan addresses key US investors at ISPAT’s executive meeting in Washington D.C.
08.05.2017 Kale Group & Rolls Royce partner to produce engines for Turkey’s first national fighter jet: TF-X
27.04.2017 Saudi, Egyptian Al Aboud Holding acquires Burdur solar plant in Turkey
26.04.2017 France’s Sephora acquires Turkey’s Tekin Acar Cosmetics
25.04.2017 M&A investments by foreigners triple in 2016
24.04.2017 Turkey’s economy rebounds in Q4 2016
1 2 3 4 5 6 7 8 9 10