Ford Otosan Investment

Ford Otosan Investment

Ford Otosan announced that a new investment of EUR 2 billion will be made within the scope of the transformation of the Kocaeli factories, which is one of Europe’s largest commercial vehicle production bases, to produce electric cars. Accordingly, within the strategic partnership of Ford and Volkswagen, the new generation of Volkswagen commercial vehicles model 1-ton will be produced in Turkey by Ford Otosan. With this new investment, the Kocaeli factories aim to become Turkey’s first and only integrated production facility of electric vehicles.

With this 10-year investment, the number of Ford Otosan’s employees (currently over 12,000) will increase to 15,000. The latest update on the Ford Otosan Investment is that, on 27 August 2021, the local municipality approved Ford Otosan’s capacity increase application regarding its environmental impact assessment.

Ford Otosan announced that a new investment of EUR 2 billion will be made within the scope of the transformation of the Kocaeli factories, which is one of Europe’s largest commercial vehicle production bases, to produce electric cars. Accordingly, within the strategic partnership of Ford and Volkswagen, the new generation of Volkswagen commercial vehicles model 1-ton will be produced in Turkey by Ford Otosan. With this new investment, the Kocaeli factories aim to become Turkey’s first and only integrated production facility of electric vehicles.

With this 10-year investment, the number of Ford Otosan’s employees (currently over 12,000) will increase to 15,000. The latest update on the Ford Otosan Investment is that, on 27 August 2021, the local municipality approved Ford Otosan’s capacity increase application regarding its environmental impact assessment.