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.
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By GlobalDataKoc and Ford each hold around 40% of Ford Otosan, while the rest is traded on the stock market, Reuters added.
Ford Otosan opens new engineering unit
