8/25/2010

Ernst & Young report puts Turkish automotive industry under the spotlight

Aksam - Auditing and consultancy firm Ernst & Young (E&Y) has issued a report on the Middle Eastern and Eastern European countries, underlining Turkey’s likelihood of attracting foreign investments. The report mentions Turkey’s automotive industry, providing prospective production and employment figures for the coming years, dubbing the sector the ‘shining star’ of the country.

 

The promising outlook of the automotive sector is evident in the report’s forecasted 1.1 million units of production and 600,000 strong workforce for the year 2012. Singling out Turkey as the country with the largest growth potential for the automotive industry, the E&Y report states Turkey’s strong industrial base and its efforts to reach EU standards as the main factors that increase the country’s appeal for the automotive producers.

Turkish automotive industry; automotive investment; automotive sector; Ernst & Young; E&Y

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