Turkey’s Oyak Renault May Look at Van Production and Raise the Annual Investment image

Turkey’s Oyak Renault plans to raise its annual investment from $176 million in 2011 to $254 milion in 2012, by building vans.

The Turkish carmaker, which is partly owned by France’s Renault, wants to begin building commercial vans at its plant, to keep up with the competitors who are already expanding in this segment. The company is the largest Renault factory outside of Western Europe and its first international successful model was the Renault Clio Symbol, now offered in the second generation as the Renault Symbol.

“There are good examples in Turkey for production of light commercial vehicles, such as Ford and Tofas,” said Tarik Tunalioglu, chief executive officer of the Oyak-Renault Otomobil Fabrikalari AS venture, said in an interview in Istanbul today. “So we may consider” producing vans.

In 2011 Turkey’s van sales rose 14%, light commercial vehicles 8% and car deliveries increased 16%. That is why the company wants to invest $254 million for vans’ engine improvement. Ford Motor Co.’s Turkish division, Ford Otomotiv Sanayi AS, and Fiat SpA’s unit Tofas Turk Otomobil Fabrikasi AS already make vans in this country in partnership with Koc Holding AS (the country’s largest conglomerate).