Baku, Azerbaijan, June 2
By Rufiz Hafizoglu - Trend:
Mehmet Gurcan Karatas was appointed as the head of the automobile company, which will be established in Turkey as part of a project for production of domestic cars, Turkish President Recep Tayyip Erdogan said, Turkish media reported on June 2.
Erdogan said that Karatas had previously been one of the leading specialists for Bosch.
He stressed that that the Turkish automotive industry will become one of the most competitive industries in the world.
Earlier, the Minister of Science, Industry and Technology of Turkey Faruk Ozlu said Turkey will invest $3 billion in the creation of a domestic car.
Ozlu said the work is currently underway to develop prototypes of five different models of the domestic car.
The minister also noted that one of the cars will be equipped with an electric motor.
The first prototypes of the domestic Turkish cars will be presented at the Geneva motor show, which will be held in 2019.
On November 2, 2017, President Recep Tayyip Erdogan announced the names of companies that will participate in the creation of the domestic car - Anadolu Grubu, BMC, Kıraca Holding, Turkcell and Zorlu Holding.
Erdogan stressed that the creation of a domestic car will strengthen the economy of Turkey.
The president also said that Turkey will export domestic cars to neighboring countries.
The cars developed in Turkey will be manufactured with different types of body and engines.
The purchase of a domestic car in Turkey will be exempt from special consumer tax.
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