Turkish automakers gain on hopes over EU industrial plan

Ford Otomotiv Sanayi AS

05/03/2026 08:30

** Shares in Turkish automakers rise as investors bet that Ankara could be included under the European Union's "Made in EU" framework tied to the Industrial Accelerator Act (IAA)

** The European Commission said on Wednesday it would boost the competitiveness of the EU's manufacturing sector by setting local content requirements

** Ford Otosan FROTO.IS is up 3.9%, Tofas TOASO.IS rises 3.4% and Koc Holding KCHOL.IS rises 2.5%

     ** Dogus Otomotiv DOAS.IS, Otokar OTKAR.IS, Turk Traktor TTRAK.IS, Karsan KARSN.IS and Tümosan TMSN.IS rise around 2%

** Brokerage Ak Yatirim Ak Yatirim says the decision would allow Turkey‑produced vehicles and components to continue receiving local‑content advantages in EU tenders and strategic support schemes, securing existing export capacity

** Brokerage Is Yatirim says Turkey's inclusion in the framework would benefit export‑oriented companies such as Arcelik , Ford, Koç Holding and Tofas, given their strong exposure to EU markets

** The gains come after two sessions of declines, with easing worries that local carmakers might have hindered access to their largest export market

(Reporting by Canan Sevgili)

((canan.sevgili@thomsonreuters.com))