12/28/2011

Foreign automakers to invest more in Turkey

Hurriyet Daily News - Many foreign auto manufacturers, like US Ford and Japanese  Nissan and Toyota are increasing their investments in the Turkish market in 2012, following a record-breaking year in sales and exports. The sales total of motor vehicles in 2011 is expected to top 900,000, while exports are to hit 825,000 before the year-end.

US auto giant Ford plans to invest USD 1 billion in its Turkish facilities in 2012, said Turkey’s Science, Industry and Technology Minister Nihat Ergün, in an interview with daily Sabah. In addition to Ford, Ergün said Japanese Toyota and Nissan also have Turkish investments in the pipeline.

“There will probably be investments in new models,” said Ergün, most likely to include light-weight vehicle models similar to plans for the new generation Toyota Corolla.
Turkey; turkish automotive sector; turkey car market; turkey auto manufacturers; turkey automotive 2011; ford otosan; ford turkey plant; nihat ergun

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