Mitsubishi to build car manufacturing plant in Turkey
Azerbaijan, Baku, Oct. 1 / Trend R. Hafizoglu /
The Japanese Mitsubishi Company is interested in constructing a car manufacturing plant in Turkey, Sabah newspaper reported today.
According to the newspaper, the plant will be established in the city of Umraniye near Istanbul.
Turkey ranks sixth in car production in Europe. The country produces or assembles Ford, FIAT, Renault, Toyota, Honda, Opel, Hyundai, Mercedes-Benz and MAN cars. Moreover, Turkey manufactures BMC, Temsa and Otokar buses.
According to the newspaper, these are not the first investments of the Japanese company in Turkey, as Mitsubishi Electric has invested 28 million lira in the country's economy.
The official exchange rate is 2, 0365 TRY/USD on Oct. 1.