Ford Otosan and IVECO Group have signed a joint development agreement to collaborate on a new heavy-duty vehicle cabin design, enhancing their market competitiveness and sustainability efforts.
Target Information
Ford Otosan is a prominent player in the heavy commercial vehicle sector, renowned for its innovative engineering and manufacturing capabilities. The company's brand, Ford Trucks, specializes in designing, producing, and marketing a range of heavy-duty vehicles, contributing significantly to the commercial transport landscape in Turkey and beyond.
With a strong commitment to quality and sustainability, Ford Otosan has established itself as a leading manufacturer in the automotive industry, producing both engines and vehicles tailored to meet the needs of its global customers. The company has a diverse portfolio and a distinguished history of collaboration that enhances its strategic positioning in the market.
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Industry Overview in Turkey
The heavy commercial vehicle industry in Turkey has been experiencing substantial growth, driven by increasing demand for logistics and transportation services. T
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Ford Trucks
invested in
IVECO
in 2024
in a Joint Venture deal
Disclosed details
Transaction Size: $363M