TURKEY: Peugeot establishes new aftersales companies

French automotive company Peugeot's Turkish marketing arm Peugeot Otomobil Pazarlama has established companies in Ankara, Istanbul and Antalya, southern Turkey, Turkish News Digest reported. The Istanbul company, called Tekoto Motorlu Tasitlar Istanbul Sanayi ve Ticaret, has an initial capital of 627 billion Turkish lira ($US388,000/357,000 euros), the Ankara company, named Tekoto Motorlu Tasitlar Ankara Sanayi ve Ticaret, has an initial capital of 322 bln lira ($199,000/183,000 euros) and the Antalya company has an initial capital of 132 bln lira ($82,000/75,000 euros) and will operate under the name of Tekoto Motorlu Tasitlar Antalya Sanayi ve Ticaret.

bcusack March 13, 2003

French automotive company Peugeot’s Turkish marketing arm Peugeot Otomobil Pazarlama has established companies in Ankara, Istanbul and Antalya, southern Turkey, Turkish News Digest reported.

The Istanbul company, called Tekoto Motorlu Tasitlar Istanbul Sanayi ve Ticaret, has an initial capital of 627 billion Turkish lira ($US388,000/357,000 euros), the Ankara company, named Tekoto Motorlu Tasitlar Ankara Sanayi ve Ticaret, has an initial capital of 322 bln lira ($199,000/183,000 euros) and the Antalya company has an initial capital of 132 bln lira ($82,000/75,000 euros) and will operate under the name of Tekoto Motorlu Tasitlar Antalya Sanayi ve Ticaret.

The companies will set up and operate sales and service units.