Toyota Turkey Gets Incentives to Boost Production, Add New Model

ISTANBUL--January 15, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Toyota Turkey, a subsidiary of Toyota (NYSE:TM) (Toyota City, Japan), the world's biggest automaker, has received government incentives to boost auto production at its Turkish plants. The company has obtained an incentive certificate for $470 million (1.1 billion Turkish liras) to upgrade and modernize its plant in Adapazari, Sakarya, in northwestern Turkey, according to a statement by Toyota Turkey.

Within this article: Plans to increase automobile production in Turkey.

Additional companies: Toyota (NYSE:TM), Ford Motor Company (NYSE:F), Fiat Chrysler Automobiles (NYSE:FCAU)