Ford's Turkey unit plans $375 mln investment

Newswire

ISTANBUL, Dec 21 (Reuters) - Ford Otosan , carmaker Ford's Turkish arm, will invest an extra $375 million until 2007 to raise commercial vehicle production at its Turkish plants, its general manager said on Wednesday. Ford Otosan, among top exporters in Turkey, has been producing commercial vehicle brands such as Transit Connect and Cargo trucks in Turkey since 1998. General Manager Turgay Durak told a news conference the company, owned equally by Koc Holding and Ford with 41.04 percent ...

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