Turkey’s Homegrown Car Moves A Step Closer With Joint Venture

Turkey really wants to build its own car and to do so, five local companies have joined forces to create the “Joint Venture for Turkey’s Car Industry and Commerce Co.”

The joint venture involves Anadolu Group, BMC, Kök Group, Turkcell, and Zorlu Holding and sees each company with a 19 per cent share in the venture while five per cent is owned by the Union of Chambers and Commodity Exchanges of Turkey.

On Saturday, the joint venture announced the appointment of Mehmet Gürcan Karakaş, a former top global executive from Bosch, as the automaker’s chief executive.

“I was born in Turkey, grew up here, went to college in this country, and took my first step into business life in Turkey.

“With this project, I am happy to have the opportunity to transfer my knowledge and experience in the global market to my country. Rest assured, Turkey will produce a competitive brand in the global market,” Karakaş said.

President of Turkey Recep Tayyip Erdoğan is particularly excited for the country to have an automotive industry of its own. He revealed last year that the first working prototype will hit the streets in 2019 and the production car should reache the market by 2021.

“I want to own the first automobile (produced), provided that I will pay for it. No one should hesitate. We will produce Turkey’s car with the best design and technology, both for our country and the world,” he said in November.

Erdoğan reportedly wants the country’s first production car to be a hybrid or all-electric.

  • Haha I love it, actually my friends work at TAI, he has the same view but true to the company, he had to say that Turkey reach a breakthrough that Atak is one of the fastest developed attack helicopter in the world or that TFX is alive and well and will become primary fighter of THK.

    At least you guys had good military vehicle industry, I have friends in FNSS as well and I had to give a nods to their development. Them and Otokar as well.

  • Bob White

    With your collapsing currency, it must be difficult to pay for all those imported products.

    Producing a car may have more to do with populistic and nationalistic goals than actual common sense.

    Like all leaders which act as dictators, Erdogan is a cancer which is spreading around the world. The last time we saw this on this scale was pre-WW2.

    • Belthronding

      erdogan is just another islamic dictator but end is nigh

  • stallion999

    I visited Turkey both before and after Erdogan, I have to say that in a span of 15 years, the country has really changed and moved forward regarding services and infrastructure. As for making cars, I have never seen this approach by a citizen, mainly saying ” we can’t ” .. What is the alternative ? you are complaining about importing yet you are against manufacturing ! although Turkey is known as one of the biggest textile, furniture, electronics, etc… producing countries.. Everyone has to start somewhere but to say “no we can’t” is a suspicious slogan.

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