Turkey Presents Prototypes in $3.7 Billion Car Project
- Factory plans to produce five models; 175,000 vehicles a year
- Erdogan has been calling for a home-grown car since 2011
An artist's impression of the first electric vehicle, a C-SUV, to be manufactured by Turkey’s Automobile Joint Venture Group Inc.
Photographer: Turkey's Automobile Initiative Group's Official Twitter Page via Anadolu Agency/Getty Images
Turkey unveiled prototypes for its “domestic car” project on Friday, as the government announced sweeping incentives to back President Recep Tayyip Erdogan’s ambition to create a Turkish-made vehicle.
Turkey’s Automobile Joint Venture Group Inc., or TOGG, which comprises five companies and a business umbrella organization, will establish a factory in the manufacturing hub of Bursa, according to a presidential decree in the official gazette. The 22 billion liras ($3.7 billion) investment will enable the production of five models and a total output of 175,000 vehicles a year.