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The Competition Board approves joint production of Ford and Volkswagen in Turkey

  • March 13, 2024
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Ford Motor Company and Volkswagen AGsigned an agreement to jointly produce various vehicles. Later this agreement was forwarded to the Competition Council. The agreement, which will be built

Ford Motor Company and Volkswagen AGsigned an agreement to jointly produce various vehicles. Later this agreement was forwarded to the Competition Council. The agreement, which will be built at the Kocaeli plant and covers new generation commercial diesel vehicles, rechargeable hybrid electric vehicles and fully electric vehicles in the first phase, has been approved.

Competition Council, USA ford German at Motor Company Volkswagen It has decided to exempt agreements between AG and AG relating to the development, supply and production of one-tonne commercial vehicles. The board’s statement stated that such collaborations are approached positively.

Exemption from the Ford and Volkswagen agreements

The first models produced under the agreement are Ford Otomotiv Sanayi A.Ş. The new generation that will emerge from the facilities Ford Transit modified And Ford Tourneo amended They will be the vehicles in their family. Medium commercial one-ton diesel, plug-in hybrid electric and fully electric versions of these vehicles will be produced. Production will target the export market.

Ford plans to complete this project between 2020 and 2025. 1 billion 390 million euros will invest and increase its vehicle production capacity to 405 thousand. The company is expected to implement its production plan for approximately 11 years.

Here you will find the board’s decision

The board’s statement read as follows:

“With its exemption decision, the Competition Council has once again demonstrated that it favors collaborations that contribute to growth and employment, and that it supports efforts to make Turkey an international and regional production center in the automotive industry. taken by the Competition Council, the common technology of the parties and “In addition to the economies of scale and cost efficiency that will be achieved through the use of components, it is expected that there will be contributions to investments, employment and production technology in Turkey.”

Source: Web Tekno

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