Ford Otosan, the company with the highest market value among the 8 publicly traded automotive companies, completed last year with a market value of 325 billion 118 million 115 thousand liras.
During this period, Ford Otosan was followed by Tofaş with a market value of 123 billion 500 million liras, Otokar with 58 billion 320 million liras, Türk Traktör with 51 billion 984.7 million liras, Doğuş Otomotiv with 41 billion 382 million liras, Anadolu Isuzu with 14 billion 376.6 million liras, and 11 billion 546 million liras. Tümosan was followed by Karsan Otomotiv with a market value of 8 billion 279.9 million lira.
The acquisition of Stellantis by Tofaş was approved
While 4 of the 8 automotive companies traded on Borsa Istanbul last year made money, the remaining companies upset their investors.
Last year, Tofaş was the automotive company whose shares were most valued at Borsa Istanbul with 29.09 percent. Tofaş officially took over Stellantis Türkiye operations last year.
The Competition Board approved the acquisition of Stellantis by Tofaş in April within the scope of investment and distribution commitments. Thus, Tofaş acquired the distribution and operation rights of Stellantis Türkiye and undertook the import and sales activities of Peugeot, Citroën, Opel and DS brands in Türkiye.
In the same period, the second automotive company whose shares increased the most was Doğuş Otomotiv with 10.15 percent. Focusing on electric vehicles (EV), strengthening the sales network and diversifying financial resources stood out among Doğuş Otomotiv’s strategic goals throughout the past year.
This company was followed by Ford Otosan with 7.13 percent, while Otokar shares remained on the positive side with an increase of 0.31 percent.
The automotive company whose shares decreased the most last year was TürkTraktör with 26.36 percent, followed by Karsan with 24.03 percent, Tümosan with 15.20 percent and Anadolu Isuzu with 10.73 percent.
Automobile Magazine – English
