Automotive Industry in Turkey

Topics: Automotive industry, Gross domestic product, European Union Pages: 4 (876 words) Published: August 1, 2013
AUTOMOTIVE INDUSTRY IN TURKEY
The automotive industry in Turkey plays an important role in the manufacturing sector of the Turkish economy. The companies operating in the Turkish automotive sector are mainly located in the Marmara Region. Last year, Turkey produced up to 1.2 million motor vehicles annually, ranking as the 6th largest producer in Europe and the 16-17th largest producer in the World.[citation needed] With a cluster of car-makers and parts suppliers, the Turkish automotive sector has become an integral part of the global network of production bases, exporting over $22,944,000,000 worth of motor vehicles and components in 2008.[citation needed] Global car manufacturers with production plants include Fiat/Tofaş, Oyak-Renault, Hyundai,Toyota, Honda and Ford/Otosan. * ECONOMY-GDP IN 2012: USD 786 BILLION • GDP GROWTH IN 2012: 2.2% • TOTAL EXPORTS IN 2012: USD 153 BILLION • TOTAL FDI INFLOW IN 2012: USD 12.4 BILLION • 

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Turkey at a Glance|
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|  Automotive Turkey’s automotive industry’s foundations date back to the early 1960s, when the first efforts to develop and produce the first Turkish-made passenger car were undertaken. During a period of rapid industrialization and progress, this key sector transformed itself from assembly-based partnerships to a fully-fledged industry with design capability and a massive production capacity. Matching and surpassing international quality and safety standards, today’s Turkish automotive industry is highly efficient and competitive with its value-added production. The sector’s export and R&D capacity is supported by high productivity levels, thanks to cooperation between the key...

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