The automotive company FROTO is planning a 2 billion Euro investment

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FROTO announced a significant investment plan of 2 billion euros for next-generation light commercial vehicles.

Ford Otomotiv Sanayi A.Ş. (FROTO) announced a 2 billion euro investment plan for next-generation commercial vehicles.

As part of the 2 billion euro investment plan for next-generation 1-ton light commercial vehicles between 2021 and 2025, FROTO disclosed that by the end of September 2023, approximately 1 billion euros had been invested. The company revealed, in a statement to the Public Disclosure Platform (KAP), that the new generation of 1-ton light commercial vehicles would be manufactured at the Yeniköy Factory, emphasizing an expansion in the factory’s closed area and production capacity.

Accordingly, the production of the diesel version of the new generation 1-ton light commercial vehicle, known as the ‘New Generation Ford Transit Custom’ family, will commence at the Yeniköy Factory, which will be operational on November 4, 2023. Moreover, plans are underway to produce the rechargeable hybrid electric PHEV (Plug-In Hybrid) and fully electric versions of the New Generation Ford Transit Custom in the first half of 2024.

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