 | |
| Company type | Anonim Şirket |
|---|---|
| BİST:FROTO | |
| Industry | Automotive |
| Founded | 1959; 66 years ago (1959) |
| Headquarters | Gölcük,Kocaeli Province,Turkey |
Area served | Worldwide |
Key people | Rahmi Koç (President) |
| Products | Automobiles,light commercial vehicles,trucks |
Production output |  746,500 vehicles (2023) |
| Revenue | US$17.24 billion (2024)[1] |
 US$840 million (2024) | |
| US$1.12 billion (2024)[1] | |
| Total assets | US$9.47 billion (2024) |
| Total equity | US$3.33 billion (2024) |
| Owners | Ford (41%) Koç Holding (41%) Public float (18%) |
Number of employees | 23.701 (2023)[2] |
| Website | fordotosan.com.tr |
Ford Otomotiv Sanayi A.Ş. (Turkish for 'Ford Automotive Industry'),doing business asFord Otosan, is anautomotive manufacturing company based inTurkey that is equally owned byFord Motor Company andKoç Holding.[3] The company was established in its current form in 1977, with original relations dating back to 1928.[4] It currently operates in six locations: Gölcük and Yeniköy plants inKocaeli, İnönü plant inEskişehir,Craiova plant inRomania,Sancaktepe R&D Center and spare parts warehouse inIstanbul.[3] The company employs more than 20,000 people and had a production capacity of over 700,000 vehicles, 400,000 engines, and 140,000 powertrains by 2022.[3]
The collaboration began in 1928, whenVehbi Koç was assigned as a Ford dealer inAnkara.[5] The following year, the Turkish national assembly granted Ford the right to install a local assembly plant in a free zone located inTophane,Istanbul's port area. Coinciding withGreat Depression of 1929, limited numbers ofFord Model A andFord Model B vehicles were assembled in Tophane Plant of Ford Motor Company Exports Inc. until 1934, when vehicle assembly activities were suspended.[6]
In 1959, the foundation of theOtosan (OtomotivSanayii, Turkish for 'Automotive Industry') factory was held inIstanbul, and in 1960 theFord Consul was the first model to be produced at the plant, followed by theThames and theThames Trader van.[7] In 1965, the D1210 truck was added to production, and in 1966, theAnadol, the first mass-production passenger vehicle developed in Turkey. In 1967, theFord Transit also began production and in 1973, the Anadol STC-16, the first sports car developed in Turkey.
In 1977, the company signed a license agreement with Ford and the company's name was changed to Ford Otosan. In 1979, a new factory was opened inİnönü, Eskişehir, which began the production of theFord Cargo in 1983.[4] Also that year, Ford increased its share of ownership in the company to 30 percent.[7] In 1985 theFord Taunus began production at the Istanbul plant, and in 1986 the official opening ceremony was held for the İnönü engine plant.
In 1992, the newerFord Transit was put into production, and in 1993 theFord Escort replaced the Ford Taunus on the production lines.[7] In 1997, Ford further increased its share in the company to 41 percent, becoming equal partner with Koç Holding in the joint venture. In 1998, a new factory inGölcük, Kocaeli, that became operational in 2001, replacing the Istanbul facility was opened. It is aimed mainly at commercial vehicle production, and manufactures theFord Transit and theFord Transit Connect, both models being marketed worldwide. In 2003, the company launched a new generation of the Ford Cargo heavy-duty truck.[8]
In September 2012, Ford revealed its new version of theTransit,[9] and in January 2013, the new Cargo heavy truck was unveiled.[10] The latter was co-developed by Ford Otosan in partnership withFord Brazil,[11] and will be manufactured in both countries.[10]
In September 2018, at the IAA Commercial Vehicles show in Hannover, Germany, Ford introduced an electric tractor trailer concept vehicle dubbed the F-Vision, which would have Level 4 autonomous driving capability.[12]
In March 2022, Ford Otosan announced that company would acquireFord Romania.[13] Ford Otosan took over the ownership of Ford Romania's Craiova factory from Ford Motor Company on July 1, 2022, for €625 million, plus an additional €140 million to be paid in 2028, depending on the factory'sproduction capacity.[14]
The Kocaeli Plant, located inGölcük, was opened in 2001, and has been the main global production center for theTransit.[15] It has an annual production capacity of 320,000 vehicles and has its own port.[4] Previously, it also produced the first generation ofTransit Custom and first two generations of theTransit Connect.
The Yeniköy plant started production of the Transit/Tourneo Courier in the second quarter of 2014. It is located within the Kocaeli facility, but as a different production plant, with a starting capacity of 110,000 vehicles per year.[16] Ford stopped producing the Courier in Turkey in July 2023 and moved production to Romania in October 2023, launching the new generation. The Yeniköy factory will instead produce the new generation ofTransit Custom.
The Craiova plant was founded in 1976 and producedOltcit until 1994 andDaewoo vehicles until 2008 when it was bought by Ford. Ford Otosan has owned the factory since 2022, and as of 2023, the company produces thePuma crossover andTransit/Tourneo Courier, with electric versions coming in 2024.[14]
Theİnönü Plant, located in Eskişehir, began operating in 1982,[7] and has been the production center of the Cargo heavy truck, as well as for engines and powertrains. It has an annual capacity of 10,000 trucks, 66,000 engines and 45,000 gearboxes.[15]
The Sancaktepe Engineering Center, located in theSancaktepe district of Istanbul, was established in 2014, and is responsible for the development of the newest products and technologies. It employs over 1000 product development engineers.[8]
The Kartal Parts Distribution Center, located in theSancaktepe district of Istanbul, has been operating since 1998,[8] and it is the marketing centre of the company's marketing, sales, after-sales and spare parts operations.[15]
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40°43′24″N29°51′11″E / 40.72333°N 29.85306°E /40.72333; 29.85306
