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Old 08-10-2004, 05:22   #1 (permalink)
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Turkey:Ford Otosan posts $84 million profit

Ford Otosan posts $84 million profit

Global Auto Report
Detroit News staff, wire and Bloomberg News reports

ANKARA, Turkey ó Ford Otomotiv Sanayi AS, Ford Motor Co.ís Turkish joint venture, reported second-quarter net income of $84 million as sales of commercial vans, trucks and buses in Turkey almost doubled. The company, known as Ford Otosan, didnít give any figures for the year-earlier period, when profit was calculated under a different method. Sales of commercial vehicles jumped 82 percent to 105,080 units last quarter from a year ago, according to the Association of Automotive Industrialists.
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