Turkey attracts investments by world automakers

Newswire

By Birsen Altayli and Daren Butler ISTANBUL, May 28 (Reuters) - Turkey's proximity to Europe, its low costs and well-trained workforce are encouraging major automakers to increase local production capacity as the industry rebounds from a 2001 recession, analysts said on Friday. But they warned that high taxes, bureaucratic hurdles and economic uncertainty still threaten to put the brakes on the sector when pent-up demand is satisfied and the market becomes more stable. Confidence in ...

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