FORD OTOSAN TO PRODUCE FOR VW IN KOCAELI

Ford Otosan will manufacture electric commercial vehicles for Volkswagen as part of the new EUR 2bn investment it announced last December. The fullyelectric new generation Transit Custom model and Volkswagen’s new 1-tonne commercial vehicle will be produced at Golcuk facilities with an investment of EUR 1.4bn. Ford Otosan’s 1-tonne medium commercial vehicle capacity is expected to increase to 405,000 units with the investment. The remaining EUR 600m will be used for the battery facility announced previously. The details of the project was announced by President Recep Tayyip Erdogan. “These will enable the Turkish automotive industry to develop electric and connected vehicles, a great vision that will spread over 10 years”, he said.