Turkey’s Karsan signed “Framework Agreement” with Hyundai

Karsan and HMC will begin manufacturing the new commercial vehicle as of 2014 and plan to manufacture more than 200,000 vehicles in seven years.

Turkey’s Karsan to be exclusive manufacturer and Turkey distributor of new commercial vehicle to be jointly made by Hyundai

Turkey’s Karsan signed a “Framework Agreement” with Hyundai Motor Company (HMC) on Tuesday that made Karsan the exclusive manufacturer and Turkey distributor of a new commercial vehicle to be jointly made by Hyundai.

Karsan and HMC will begin manufacturing the new commercial vehicle as of 2014 and plan to manufacture more than 200,000 vehicles in seven years.

Karsan was established in 1966 with a manufacturing plant in north-western province of Bursa.

Karsan manufactures automobiles, trucks, minivans and buses. The company was ranked as Turkey’s 162nd biggest company among 500 companies in 2009.

AA