Our Company has been notified by the Ministry of Industry and Technology of the Republic of Türkiye that, within the scope of preliminary studies conducted to support the growth of our Ford Trucks operations in the European market, the incentive application submitted in relation to investment projects—regarding compliance with Euro 7 emission standards, the production of zero‑emission vehicles, and cab transformation investments in line with the European Union Direct Vision Regulation, for which feasibility studies, contract negotiations, and approval processes are still ongoing—has been approved, and that the granting of Project Based State Aid to our Company has been deemed appropriate.
The total amount covered by the Project Based State Aid is TRY 31,389,000,000, and the approved incentive envisages that, within the scope of the relevant projects, the Company will complete the related investments by the end of 2031 and will employ approximately 500 additional employees. It is envisaged that the investments will be realized on a phased basis starting from 2026 and in subsequent years, in line with market developments, the pace of technological transformation, and infrastructure readiness.
Activities related to the relevant investments are ongoing, and no final investment decision has yet been made with respect to all of the investments to be made within the scope of the projects envisaged.
This statement has been translated into English and simultaneously announced for informational purposes. In the event of any discrepancy between the Turkish and the English versions, the Turkish version shall prevail.