A campaign by Turkish state-run lenders to spur domestic demand has boosted the shares of carmakers, as local units of Fiat SpA and Ford Motor Co. surged in early trading on Thursday.
TC Ziraat Bankasi AS, Turkiye Halk Bankasi AS and Turkiye Vakiflar Bankasi TAO said in a joint statement that they will offer cheaper loans to citizens when they buy domestically-made vehicles from select manufacturers including Fiat, Ford, Honda and Renault Mais.