Turkish commercial vehicle maker Ford Otosan had sales of $6.2bn in 2007 and general manager Michael Flewitt has forecast the Turkish vehicle market would grow 10% this year.
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In 2006, the company – a joint venture of Turkish conglomerate Koc Holding and Ford – had sales of 6.5bn lira, or $US5.4bn at current conversion rates, Reuters reported, citing company data.
Turkey’s economy is expected to grow around 5% this year and Flewitt reportedly said the overall domestic vehicle market was expected to grow 10% in 2008 to sales of 680,000.
In a statement released ahead of a news conference, Flewitt also said Ford Otosan’s unit sales in 2007 totalled 325,117. The firm, which exports vehicles as well as importing cars to sell in Turkey, said it produced a record 286,356 vehicles in 2007, according to Reuters.
Its exports include the Transit Connect light van line, which is sold widely across the European continent and further afield.
Koc and Ford each hold around 40% of Ford Otosan, while the rest is traded on the stock market, Reuters added.
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