Ford Otomotiv Sanayi traded at 109.70 this Friday March 13th, decreasing 2.30 or 2.05 percent since the previous trading session. Looking back, over the last four weeks, Ford Otomotiv Sanayi lost 18.32 percent. Over the last 12 months, its price rose by 4.28 percent. Looking ahead, we forecast Ford Otomotiv Sanayi to be priced at 105.09 by the end of this quarter and at 92.40 in one year, according to Trading Economics global macro models projections and analysts expectations.
Ford Otomotiv Sanayi AS is a Turkey-based company, which is engaged in the automobile and auto parts sector. It manufactures, assembles and sells motor vehicles, primarily commercial vehicles; imports and sells passenger cars, as well as manufactures, imports and sells spare parts of those vehicles. Ford Otomotiv Sanayi AS operates as a joint venture between Ford Motor Company and the Koc Group of Companies. In its Kocaeli compound, the Company has a Golcuk plant in which the transit and transit custom vehicles are manufactured and a Yenikoy plant in which the transit courier vehicles are manufactured. In its Eskisehir Inonu compound, the Company has a cargo truck plant as well as an engine and power train plant which manufactures for trucks and transit vehicles. Additionally the Company has a spare part distribution warehouse, sales and marketing departments and a research and development (R&D) center located in Sancaktepe, Istanbul.