Ford Otosan Detailed Financial Review
FORD OTOSAN COMPANY CHOICE / BACKGROUND On May 31, 1926, Vehbi Koç registered with the Ankara Chamber of Commerce under the name "Koçzade Ahmet Vehbi Ticarethanesi" and was subsequently elected as the Chairman of the Ankara Chamber of Commerce Board of Directors. The story of Ford Otosan began with the opening of the first Ford agency to trade in automobiles in 1928. Ford Otosan is a Turkish automotive company founded in 1959. With an agreement signed in Cologne on 27 June 1997, Ford and Koç Holding equalized their shares. The decision came into effect after being approved by the Otosan Extraordinary General Assembly meeting on July 24, and thus Ford Otosan was born on this date. Both groups (41%, 41%, 18% publicly traded) had equal capital. Thus, Ford Otosan became a single and large company with its production, marketing, sales and after-sales services. Otosan produced Anadol brand vehicles between 1966 and 1984, and later produced Ford's Taunus...