
Turkey distributor of China's Chery automotive group and the CEO of Mermerler Automotive Company, Murat Mermer, on Tuesday said that Chery planned to make investments worth 500 million USD in Turkey in the next five years in three stages.Speaking to the Anadolu Agency (AA) in western province of Balikesir where Director General of Chery Wang Ke and regional representative Yankun He have held talks, Murat Mermer said that Chery, in the first stage, would invest 120 million USD in Turkey. We will erect an engine factory in Corlu with the contributions of German FEV company and Chery group, Mermer indicated. Turkey's newly implemented incentive system has made Turkey the most attractive market for investments, Mermer stated. At the end of investments in five years, 2,700 people would be employed directly. When you consider the sub-sectors, a total of 10,000 jobs would be created in Turkey, Mermer also said.
GMT 15:46 2018 Sunday ,21 January
Masdar City to test latest concepts in autonomous vehiclesGMT 08:38 2018 Friday ,19 January
EU car sales top 15-mn barrier in 2017: dataGMT 08:20 2018 Tuesday ,16 January
Lamborghini races to new sales recordGMT 21:07 2018 Thursday ,11 January
Toyota, Mazda to build new US plant in AlabamaGMT 15:10 2018 Saturday ,06 January
Recharge your electric car at 50 FEWA officesGMT 04:17 2017 Thursday ,28 December
Hyundai shipbuilding stocks plunge on grim earnings forecastGMT 00:27 2017 Monday ,25 December
Emirati students develop smart system to reduce traffic accidentsGMT 08:27 2017 Friday ,08 December
German industrial production sees surprise dip
Send your comments
Your comment as a visitor