Tofas Receives 450 Million Euros Credit

GENEVA - Turkish Automotive Factory Inc. (TOFAS) received a credit of 450 million euros from international credit providers.
The company will utilize the new loan to develop its New Doblo Project with the code number 263.
TOFAS signed agreements in regard to the credit at the 78th International Automobile Fair in Geneva.
Mustafa Koc, chief executive officer of Koc Holding, said Wednesday that the credit TOFAS received is an indication of trust financial sources have in Turkey and in the Turkish economy.