Ford Transit: UK’s loss, Turkey’s gain | beyondbrics

Ford Transit: UK’s loss, Turkey’s gain | beyondbrics:

"

The closure on July 26 of Ford’s Transit production plant at Southampton may spell the end of an era for vehicle manufacturing in the UK but the transfer of production to Turkey offers the Turkish automotive sector a valuable boost.

Turkey’s automotive manufacturers have been particularly hard hit by a drop in demand in key European markets that saw sales of new passenger cars falling to a 17-year low in June.

“About 75 per cent of our exports are still to Europe so this is a very positive move,” says Ercan Tezer, head of Turkey’s automotive manufacturers association, pointing out that while exports have been hit by the downturn in the European market Turkish manufacturers still continue to perform well in key niche areas."

'via Blog this'