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Turkish auto production climbs 69 pct in March

<font face="Arial,sans-serif" size="2">The number of vehicles produced in Turkey last month soared 69 percent from the previous year, showing a strong rebound from the global crisis, data from the Automotive Industry Association showed on Thursday. </font>

<font face="Arial,sans-serif" size="2">Cyclical Consumer Goods</font>

<font face="Arial,sans-serif" size="2">The number of vehicles produced in the Jan-March period jumped 81 percent. Automotive is a leading export sector in Turkey and biggest producers are Oyak Renault (<a href="https://www.foundry-planet.com/finance/stocks/overview?symbol=RENA.PA">RENA.PA</a>), Tofas (<a href="https://www.foundry-planet.com/finance/stocks/overview?symbol=TOASO.IS">TOASO.IS</a>) and Ford Otosan (<a href="https://www.foundry-planet.com/finance/stocks/overview?symbol=FROTO.IS">FROTO.IS</a>).</font>

<font face="Arial,sans-serif" size="2">The capacity utilisation rate in the auto industry in March was 78 percent.</font>

<font size="1">Source: Reuters.com</font>

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