Turkey unveils prototypes for $3.7bn car project
Istanbul, Turkey - 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 (TOGG), which comprises five companies and a business umbrella organisation, will establish a factory in the manufacturing hub of Bursa, according to a presidential decree in the official gazette. The US$3.7bn investment will enable the production of five models and a total output of 175,000 vehicles a year.
The first, a C-SUV, will be introduced in 2022, according to TOGG’s website. The car was designed by Italy’s Pininfarina SpA, Dunya newspaper reported on December 11.
The project is expected to contribute US$50bn to the Turkish economy in the 15 years following 2022, according to Mehmet Gurcan Karakas, the chief executive officer of the consortium.
Erdogan, who drove the prototype SUV after a ceremony on Friday to unveil the designs, said the car represents the culmination of Turkey’s progress in industrial technology.