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15 Mar
12:43

Ford Otosan launches Romania acquisition, battery investment

Speaking to Bloomberg HT Turkey, Ford Otosan General Manager Haydar Yenigün says that after Ford Otosan's acquisition of Ford Romania, the company will reach an annual production capacity of 900,000 vehicles, becoming a top-five vehicle producer globally. Ford Otosan will pay €715 million $786.75m) in two installments - €575m through 2028, with an additional €140m possible depending on performance, Kallanish understands. “We see tha…
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