BGC Partners: Turkish Automotive Export Data Aug-19: Broadly neutral for both TOASO & FROTO
Turkish automotive exports rose by 17% y/y in Aug-19 with Tofas’ exports declining by 33% while Ford Otosan’s exports are up by 78% y/y; broadly neutral. According to data from OSD (Automotive Manufacturers’ Association), there was an 17% increase in Turkish automotive sector exports to 55,501 units in Aug-19, while exports declined by 5.7% YTD to 817,136 units.Ford Otomotiv Sanayi is an automobile manufacturing company based in Turkey. Co. operates as a joint venture between Ford Motor Company and the Koc Group of Companies. Co. is engaged in manufacturing, assembling and selling motor vehicles, primarily commercial vehicles, imports and sells passenger cars and manufactures and imports and sells spare parts of those vehicles. Co. has two plants located in Kocaeli and Eskisehir, has a spare part distribution warehouse in Kartal, Istanbul and a branch in Tubitak Marmara Research Centre, Gebze Campus Technological Free Zone (TEKSEB).
BGC has been one of the major market players in Turkish OTC debt, FX and swaps markets since 1998.
We started offering corporate finance and investment banking services to our clients in 2013. We offer a complete range of financial services to help our clients achieve their goals. Our main areas of activity within investment banking are as follows:
- Mergers & Acquisitions
- Equity Capital Markets
- Debt Finance & Advisory
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.