Yeniköy, Turkey – 22 May 2014 - Ford Otosan, the Turkish-based joint venture between Ford Motor Company and Koç Holding, officially launched vehicle production today at a modern, all-new $511million facility in Yeniköy, Turkey. The new facility kicked-off production of the Ford Transit Courier small commercial vehicle and Ford Tourneo Courier entry-level people-mover
“Ford Otosan is one of the longest-lasting and most successful joint ventures in the global auto industry and today marks another great milestone in this partnership,” said Ford Executive Chairman Bill Ford.
Ali Y. Koç, Board Member, Koç Holding and Chairman, Ford Otosan added: “Today is another milestone in the history of Ford Otosan in its 55th year of partnership between Ford Motor Company and Koç Holding. Ford Otosan has been given the responsibility for producing two all-new vehicles for the completely refreshed Ford commercial vehicle and people-mover range and which will compete in growing market segments and be built in a brand new plant. This is a great opportunity to grow and prosper in the future.
Ford Otosan’s new Yeniköy plant is a 70,000 square metre facility located next to its existing Kocaeli vehicle assembly plant and is the third Ford Otosan plant to build Ford vehicles. The Ford Tourneo Courier entry level people-mover and the Ford Transit Courier, Ford’s smallest commercial vehicle, will be sold in around 46 countries. The plant utilizes advanced and environmentally-friendly manufacturing technologies and will be capable of building up to 110,000 vehicles a year.
The Ford Otosan joint venture is a more than 50 year-old business partnership between Ford Motor Company and Koç Holding, though the strong relationship between the two partners stretches back almost nine decades.
A core part of the One Ford global commercial vehicle plan, Ford Otosan currently builds the Cargo heavy truck, the Transit and Transit Custom medium commercial vehicles, the Tourneo Custom people-mover, and now the all-new Tourneo Courier entry-level people carrier and Transit Courier small commercial vehicle. Ford Otosan exports Ford vehicles to 106 markets globally.
Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles across six continents. With about 183,000 employees and 65 plants worldwide, the company’s automotive brands include Ford and Lincoln. The company provides financial services through Ford Motor Credit Company.
Source: Ford Motor Company