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08. April 2010

Turkish auto production climbs 69 pct in March

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.

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 (RENA.PA), Tofas (TOASO.IS) and Ford Otosan (FROTO.IS).

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

Source: Reuters.com

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