"Turkish auto industry hit by interest rate hikes
Tue Jun 20, 2006 8:39 AM BST15
By Birsen Altayli
ISTANBUL (Reuters) - Turkey's import-led auto market will be hard hit by the recent fall in the lira and the sharp rise in interest rates, but car exporters will suffer less as a weak lira helps foreign sales analysts said.
Turkey's auto sector is dominated by foreign partnerships, such as Koc Holding's ventures with Ford in Ford Otosan and with Italy's Fiat in Tofas."
More:Turkish auto industry hit by interest rate hikes | Motoring | Reuters.co.uk
