Ford Otosan, the Turkish van and truck maker co-owned by Ford Motor Co. and Koc Holdings, plans as much as a six-fold increase in truck exports to 6,000 vehicles by 2016, helped by a new heavy truck it will start selling at the end of this year.
The automotive company will produce 3,000 Cargo 1846T heavy trucks annually starting in 2013 at a plant in Inonu in western Turkey with a $75 million investment, Chief Executive Haydar Yenigun said in Istanbul.
The new model will help double Ford Otosan’s truck production to 20,000 units annually eventually, Yenigun said.
Trucks will be exported to 65 countries, Yenigun said. Ford’s share of Turkey’s truck market will probably rise to 25 percent this year from 22.8 percent last year, Yenigun said.
Click here to read the full article at Bloomberg.