Shares of Ford’s Turkish unit, Ford Otomotiv Sanayi, surged to the highest in more than a year in Istanbul trading after Hurriyet newspaper said the company would start making the Transit van from 2012.

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It already makes the smaller Transit Connect model line and recently began exports to the US.


The newspaper said Ford may spend about EUR400m (US$573m) to make the Transit van in Turkey, citing FOS deputy chief executive Nuri Otay.

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