2/14/2011

Turkey among Ford’s “countries of the future”

Zaman - Ford Otosan, the joint venture between US Ford Motor Co. and Turkey’s Koc Holding, continues full steam ahead with its planned investments in Turkey. The incentive certificate for the investment of TRY 368 million that the company recently announced was published in the Official Gazette on Friday. The company, having announced its USD 630 million investment for its Transit model commercial vehicle in October, has reached USD 860 million of investment in a matter of three months. The total investments in Ford Otosan’s Kocaeli plant since 1998 now amounts to USD 2.7 billion.

 

Nuri Otay, General Manager of Ford Otosan, said that Turkey, along with the BRIC (Brazil, Russia, India and China) countries, was included in the company’s plans for future growth markets. “Ford has already added Turkey to BRIC countries where the company aims for growth in the future,” said Otay, adding that similar views were shared in a meeting he attended in Ford headquarters in Detroit, USA.

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turkey; automotive industry; ford; ford otosan; nuri otay; automotive investment; growth market; ford transit; Detroit