Istanbul, Turkey – Ford is celebrating its 50th anniversary in Turkey, with its joint venture Ford Otosan, which draws its roots back to industrial pioneers Henry Ford and Vehbi Koc.
The joint venture is the first and only Turkish company to export a vehicle to North America, the Turkish-built Ford Transit Connect.
“In many ways, coming to Turkey is like a homecoming for me, because my family and my company have such strong and lasting bonds here,” said Bill Ford, executive chairman of Ford Motor Company. “The Koc family and the Ford family have a special relationship that goes back more than 80 years. For Ford Motor Company, Ford Otosan represents not only the proud heritage of our past, but the bright promise of our future.”
Ford and the Koc Group each hold a 41 per cent stake in the joint venture, with the remaining 18 per cent held publicly on the Istanbul Stock Exchange. It employs about 7,600 people in its manufacturing, distribution and engineering centres, and has been the top-selling auto company in the Turkish domestic market for the past eight years. Its products are exported to more than 60 countries, including in Europe, Central Asia, North Africa and the Middle East.