Ford’s Turkish Partner Invests $3.4Bn
Koc Holding AS, the joint venture partner of Ford Motor Co. (NYSE:F) in Kocaeli, Turkey, announced that it will invest 6.5 billion liras ($3.4 billion) in 2012. The investment will be focused both on Ford’s joint venture, Otomotiv Sanayi AS (Ford Otosan), and Tupras Turkiye Petrol Rafinerileri AS, the country’s sole crude oil supply and [...]
Koc Holding AS, the joint venture partner of Ford Motor Co. (NYSE:F) in Kocaeli, Turkey, announced that it will invest 6.5 billion liras ($3.4 billion) in 2012.
The investment will be focused both on Ford’s joint venture, Otomotiv Sanayi AS (Ford Otosan), and Tupras Turkiye Petrol Rafinerileri AS, the country’s sole crude oil supply and refining company.
Ford Otosan started production in 1965, with each company holding a 41% share in the venture. It operates four facilities in Turkey, two in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards