Trade Minister Bolat Hopeful on Volkswagen Investment in Turkey
Trade Minister Ömer Bolat said Turkey is hopeful about a possible Volkswagen production investment and will meet company officials if they visit. The move follows a letter of intent signed by Doğuş Otomotiv with Volkswagen Group companies.
Trade Minister Ömer Bolat commented on the possibility of Volkswagen producing vehicles in Turkey. Bolat said Ankara is optimistic about the investment and will meet with company officials should they travel to Turkey. His remarks were reported on November 3, 2026.
The comments came after Doğuş Otomotiv, Turkey's Volkswagen importer, announced on October 30 that it had signed a letter of intent with Volkswagen Group companies. In a disclosure to the Public Disclosure Platform (KAP), the company said the parties would evaluate options for producing Volkswagen passenger car brand vehicles in Turkey.
What the KAP disclosure said
According to Doğuş Otomotiv, the planned partnership is intended to offer the Turkish market value-added products suited to new technologies. The company also said the cooperation is aimed at contributing to the development of Turkey's automotive industry.
The KAP filing did not say when production might begin or what the scope of the plan would be. It also did not identify which models would be built, the size of the investment, or the plant where production would take place.
Bolat's statement contained no details on the timeline or content of the investment either. For now, the process remains at the letter of intent stage.
This article was compiled with the help of AI from information published by Habertürk.
