Brief: Ford Otosan Says Turkey Approves 31.4 Bln Lira Project-Based State Aid For Its European Truck Investments

Ford Otomotiv Sanayi AS

10/04/2026 16:56

GDANSK, April 10 (Reuters) - FORD OTOMOTİV SANAYİ FROTO.IS:

TURKEY'S INDUSTRY AND TECHNOLOGY MINISTRY HAS APPROVED ITS APPLICATION FOR PROJECT‑BASED STATE AID COVERING INVESTMENTS AIMED AT SUPPORTING GROWTH OF ITS FORD TRUCKS OPERATIONS IN THE EUROPEAN MARKET

THE AID, TOTALLING 31.4 BILLION LIRA, RELATES TO PLANNED INVESTMENTS FOR COMPLIANCE WITH EURO 7 EMISSION STANDARDS, ZERO‑EMISSION VEHICLE PRODUCTION, AND CAB TRANSFORMATION PROJECTS IN LINE WITH EUROPEAN UNION'S DIRECT VISION REGULATION

FEASIBILITY STUDIES, CONTRACT NEGOTIATIONS AND APPROVAL PROCESSES FOR PROJECTS ARE STILL ONGOING, AND THAT NO FINAL INVESTMENT DECISION HAS YET BEEN MADE FOR ALL PLANNED INVESTMENTS

THE COMPANY EXPECTS TO COMPLETE THE INVESTMENTS BY END‑2031, WITH IMPLEMENTATION BEGINNING IN 2026 ON A PHASED BASIS DEPENDING ON MARKET CONDITIONS, TECHNOLOGICAL PROGRESS AND INFRASTRUCTURE READINESS

THE PROJECTS ARE EXPECTED TO CREATE AROUND 500 ADDITIONAL JOBS

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 (Gdansk Newsroom)

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