Key Developments: Ford Otomotiv Sanayi AS (FROTO.IS)

FROTO.IS on Istanbul Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Ford Otomotiv Sanayi AS appoints Chairman
Monday, 23 Mar 2015 12:23pm EDT 

Ford Otomotiv Sanayi AS:Appoints Yildirim Ali Koc as Chairman of the Board.  Full Article

Ford Otomotiv Sanayi AS announces dividend payment for FY 2014
Thursday, 26 Feb 2015 02:05pm EST 

Ford Otomotiv Sanayi AS:Proposes dividend of gross 0.57 Turkish lira and net 0.4845 Turkish lira per share.Proposes to pay FY 2014 dividend on April 1.  Full Article

Ford Otomotiv Sanayi AS expects Capex for Fy 2015 $230 million
Wednesday, 18 Feb 2015 11:48am EST 

Ford Otomotiv Sanayi AS:Sees Fy 2015 Capex (fixed assets) $230 million.  Full Article

Ford Otomotiv Sanayi AS announces corporate auditor
Friday, 13 Feb 2015 11:35am EST 

Ford Otomotiv Sanayi AS:Board of directors recommended appointment of Güney Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik as corporate auditor for fiscal year 2015.  Full Article

Ford Otomotiv Sanayi AS to cooperate on Global Cargo Modular Cab (GCMC)
Thursday, 12 Feb 2015 06:44am EST 

Ford Otomotiv Sanayi AS:Ford Otosan, Ford Motor Company, Ford Global Technologies, LLC, JMC Heavy Duty Vehicle Corporation Ltd and Jiangling Motors Corporation Ltd. (together as "JMC") have decided to cooperate on Global Cargo Modular Cab ("GCMC") Program.The Program aims to develop the cabin of the Cargo Truck.Signs a Memorandum of Understanding for Global Cargo Modular Cab Program.Ford Otosan, Ford Motor Company and JMC have signed a Global Cargo Modular Cab Program Engineering Services Agreement ("ESA") regarding the engineering services to be provided by Ford Otosan.JMC is projected to pay 41.2 Million US Dollars to Ford Otosan in 2015.Agreements are to be in effect until 01.12.2015.  Full Article

Ford Otomotiv Sanayi AS says signed deal for production in Russia
Tuesday, 9 Dec 2014 06:59am EST 

Ford Otomotiv Sanayi AS:Says Signed deal with Avtotor Holding for production of trucks in Russia.Says vehicles produced in Avtotor would be sold in the Russian market.Says first production set to start at the end of Dec 2014.  Full Article

Ford Otomotiv Sanayi AS secures 100 million Euros of credit
Friday, 4 Jul 2014 10:57am EDT 

Ford Otomotiv Sanayi AS:Says it has signed a credit agreement with HSBC Bank plc, Societe Generale Corporate and Investment Banking and The Bank of Tokyo-Mitsubishi UFJ, amounting to 100 million Euros.The loan has two years of grace period with an interest rate of annual Euribor + 2.3 pct, excluding bank expenses.  Full Article

Ford Otomotiv Sanayi AS says no fiscal year 2013 dividend
Friday, 28 Feb 2014 12:13pm EST 

Ford Otomotiv Sanayi AS:Says it is not to distribute any dividends for the fiscal year 2013.  Full Article

Turkey's Ford Otosan posts 7 pct rise in full-year profit, misses estimates

ISTANBUL, Feb 19 - Ford Otosan, a joint venture between Ford and Turkey's Koc Holding, posted a 7 percent rise in 2014 net profit to 595 million lira ($244 million), falling short of market expectations.

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