Koç Holding

Ömer Koç, the vice president of the executive board at Koç Holding, has been named the new chairman of the conglomerate, a month after the passing of his brother Mustafa Koç from a sudden heart attack. 

Turkey's leading businesspeople and politicians made a rare show of unity on Jan. 24 to turn out in force at the funeral of the chairman of Turkey's largest industrial conglomerate, Mustafa Koç, who died last week aged only 55. 
  

President Recep Tayyip Erdo?an said he talked about defense projects with Koç Holding Chairman Mustafa Koç a day before the businessman's death from a heart attack on Jan. 21. Erdo?an also said he'll attend the funeral ceremony of Koç on Jan. 24. 

The United Nations Entity for Gender Equality and the Empowerment of Women, dubbed U.N. Women, has expressed its deepest condolences for Turkey's leading businessman Mustafa Koç, who passed away a day before his scheduled attendance at the initiative's meeting in Davos on Jan. 22. 

The United Nations Entity for Gender Equality and the Empowerment of Women, dubbed U.N. Women, has expressed its deepest condolences for Turkey's leading businessman Mustafa Koç, who passed away a day before his scheduled attendance at the initiative's meeting in Davos on Jan. 22. 

Turkey's leading businessman Mustafa Koç suffered a heart attack on Jan. 21.

He was hospitalized to Istanbul's Beykoz State Hospital and his condition reported to be critical.

Koç was later transferred to the Vehbi Koç Foundation American Hospital (Amerikan Hastanesi), which he owns, by helicopter.

With less than two months before the end of the year, Turkey's Automotive Industrialists Association (OSD) has revised up its 2015 production and export targets.

Turkish carmaker Tofas posted a net profit of 157.9 million Turkish Liras ($55 million) in the third quarter of 2015 - an increase of  24 percent compared with 127.1 million liras ($44.3 million) in the same period last year, the company said in a statement late Nov. 4.

The European Bank for Reconstruction and Development (EBRD) is supporting car development in Turkey with a 200 million euros syndicated loan to leading Turkish automaker Tofa?, it said in a written statement Oct. 22. 

Tofa?, a joint venture of Turkey?s Koç Holding and Italy?s Fiat Chrysler, has started producing a new Fiat sedan model, Fiat Egea, in the northwestern province of Bursa on Sept. 28 in a ceremony with Koç Holding Chairman Mustafa Koç, Fiat Chrysler Automobiles (FCA) CEO Sergio Marchionne and Tofa? employees in attendance.