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Turkish auto production climbs 69 pct in March

Lesedauer: min

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.

<link sectors cyclicals>Cyclical Consumer Goods

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 (<link finance stocks>RENA.PA), Tofas (<link finance stocks>TOASO.IS) and Ford Otosan (<link finance stocks>FROTO.IS).

The capacity utilisation rate in the auto industry in March was 78 percent.

Source: Reuters.com

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