Turkey unit to begin production of new Megane sedan

Turkey unit to begin production of new Megane sedan

Istanbul-based company targets total production of 500,000 sedans, with an annual capacity of 90,000.


7 September 2016 09:21
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Renault's Turkish unit Oyak-Renault will begin production of the Megane sedan following a 200 million euro ($225 million) investment, the unit's general manager told reporters on Wednesday.

The Istanbul-based company targets total production of 500,000 sedans, with an annual capacity of 90,000, and will export 80 percent of the vehicles, manager Tunc Basegmez said at Oyak-Renault's factory in the northwest city of Bursa.

The company is 51-percent-owned by Renault and 49-percent-owned by Oyak, the Turkish military's pension fund.






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