VIENNA â€“ Ford Otomotiv Sanayi A.S., the Turkish joint venture also known as Ford Otosan, will invest $630 million in the production of the next-generation Transit commercial van at its plant in Golcuk, Kocaeli province. Ford Otosan is owned 41% by Ford Motor Co. and 41% by Turkeyâ€™s Koc Group, while the remaining 18% is publicly held. Production of the new Transit is slated to begin in 2012. â€śThis significant new investment in future production at Kocaeli will help to secure the ...
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