Turkey auto sector sketches a bright future

The automobile production in Turkey is anticipated to see an upward trend by the end of 2009, overcoming the slowdown during the initial months due to credit crisis, RNCOS reported. RNCOS new research, titled "Turkey Automobile Sector Forecast (2008-2012)," also highlights Turkey''s rapidly growing automobile markets in the world. The automotive production is expected to surge at a CAGR of nearly 11% during 2008-2012. From the future perspective, the report estimates that planned investments in Turkey''s automobile industry are comprised of US$3.5 billion for capacity building, US$3.5 billion aimed at developing new models and US$2 billion for upgrading the existing technology. By virtue of these investments, the annual automobile production is expected to grow to 1.8 million by 2012.Mens Nike Trainers