Stalled assembly

by Peter Grimsditch February 3, 2009

written by Peter Grimsditch February 3, 2009

Carmakers around Turkey have been casting envious eyes in the direction of France, which is putting six billion euros ($7.7 billion) on the table to supports its auto industry, and the US, where Chrysler and General Motors are due more than $17 billion in state aid between them. One senior executive in Bursa recently said, “The Turkish government seems to be saying: ‘crisis? What crisis?’ We need a version of the support the French and Americans are giving and we need it now.” Such state support has been under discussion for months, with a decision first promised in December. When it does arrive, it is likely in some respects to be better than the French deal, which involves the promise of soft loans and loan guarantees. The Ankara version will probably come as cash gifts to the whole manufacturing industry, Or as one analyst put it, outright bribery not to

Peter Grimsditch

Journalist, editor, and author Peter Grimsditch’s career began at his college's student publication and led him to become the founding editor of Britain’s Daily Star. He later worked in New York and Turkey as as a correspondent, eventually becoming the No. 2 editor at Lebanon’s Daily Star before inheriting the editorship.

Stalled assembly

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