- Turkey unveiled its first fully domestically-produced car on Friday (27 December), saying it aimed to eventually produce up to 175,000 a year of the electric vehicle in a project expected to cost 22 billion lira (€3.3 billion) over 13 years.
- The consortium, called Turkey’s Automobile Initiative Group (TOGG), was established in mid 2018 by five industrial groups: Anadolu Group, BMC, Kok Group, mobile phone operator Turkcell and Zorlu Holding, the parent of TV maker Vestel.
- TOGG’s CEO is former Bosch executive Gurcan Karakas and its chief operating officer is Sergio Rocha, former General Motors Korea chief executive.
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