Ford Otosan

EBRD, Ford Otosan charge ahead with big EV lending

Published by Hurriyet on Fri, 07/16/2021 - 10:24

 

The European Bank for Reconstruction and Development (EBRD) is supporting the production of a range of next generation all-electric and plug-in hybrid variants of one-ton commercial vehicles for the European market by arranging a 650 million-euro loan to Ford Otosan, US automaker Ford's joint venture with Turkey's Koç Holding, according to a statement from the bank on July 14.