Koç CEO Çakıroğlu: Stellantis agreement brings Tofaş to an important point

Statements about Tofaş’s acquisition of the entire capital of Stellantis Automotive continue to come. Koç Holding and Stellantis NV announced that they aim to further expand and enlarge their existing Tofaş joint ventures in order to provide products and services to customers and business partners efficiently and to increase the operational potential in Turkey.

All Stellantis brands offered for distribution in Turkey as a result of the agreement; It will be distributed by Alfa Romeo, Fiat, Citroen, DS Automobiles, Jeep, Maserati, Opel, and Peugeot Tofaş.

In the statement made by the company, all activities in Turkey are under a single roof with the support of two strong shareholders. under It was stated that the merger will allow unprecedented synergies in worldwide commercial activities, production and R&D, and will also pave the way to offer wider and more efficient products and services to the Turkish consumer. On the other hand, it was noted that new business opportunities are on the horizon in order to further the potential of Tofaş.

“This investment brings Tofaş to a much more important point in the automotive industry”

Koç Holding CEO Levent Çakıroğlu said, “We continue to heal the wounds of the earthquake disaster we experienced on February 6, and we continue to do our part with determination. We believe that the investments to be made in our country are of great importance in overcoming this difficult period. This strategic investment; With its production volume, export performance and R&D capabilities, our company carries Tofaş to a much more important point in the automotive industry. Being the leader in the Turkish automotive industry, Tofaş is expanding its targets and strengthening its claim with this new investment. This promising agreement, which took place during such a difficult period, once again confirms the belief of our community and partner in our country. We will continue to serve to increase the competitiveness of our country in the automotive industry with the added value that will emerge.”

“Turkey plays a critical role in our long-term strategic plan, Dare Forward 2030, as we strive to reach a leading market share in the Middle East and Africa,” said Carlos Tavares, CEO of Stellantis. “Deepening our partnership with Koç will create synergy, increase value and expand the market potential for Stellantis brands in all segments. Our joint venture with Tofaş, one of Turkey’s leading industrial establishments, is one of our important production and R&D centers. I would like to express my sincere gratitude to the teams working on this agreement as it will take our leadership role beyond our 50-year history in a country that has shown the world its capacity to rebuild a sustainable future with hope and resilience in the current painful process Turkey is facing.”

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