Ford Otosan Upbeat About Export Markets

Ford Otosan, a joint venture between US carmaker Ford Motor and Turkey's Koc Holding, will invest US$150mn this year, as it expects to bag a 14% year-on-year (y-o-y) increase in its exports, to US$2.5bn, by the end of 2010. BMI research shows that the company has been increasing its exposure to export markets with the ratio of exports-to-total sales rising from 55% in 2004 to an expected 65% by the end of 2010.

To read the full article, please choose one of the following options: