UPDATE 1-Ford, Renault Turkish ventures to raise capacity

Newswire

(Recasts, adds Oyak Renault raising capacity) ISTANBUL, May 25 (Reuters) - The Turkish ventures of major automotive groups Ford and Renault are planning to increase production capacity in the face of growing domestic and foreign demand, the companies said late on Monday. Falling interest rates have made consumer loans for vehicle purchases more attractive and have helped sustain a market revival following a 2001 recession. Ford Otosan , the Turkish arm of the U.S. carmaker, said in a ...

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