Doğuş Otomotiv and Volkswagen sign letter of intent to assess passenger car production in Türkiye
Doğuş Otomotiv, Türkiye's longtime importer of Volkswagen vehicles, announced in a filing with the Public Disclosure Platform (KAP) that it has signed a letter of intent with Volkswagen Group companies to evaluate options for producing Volkswagen-brand passenger cars in Türkiye. The announcement was made on Friday, Oct. 30, 2026. The company stressed that this is only a preliminary assessment step and does not mean a production decision has been made.
What it means for companies
Companies monitoring Türkiye's automotive sector should note that no final production decision has been taken; whether an investment follows will become clear later, per the filing.
Doğuş Otomotiv did not disclose the potential production location, which models could be covered, the size of any investment, or a timeline. The stated aim of the partnership is to offer value-added products suited to new technologies in the Turkish market and contribute to growth in the Turkish auto industry.
Market reaction was notable: Doğuş Otomotiv shares rose 10% in morning trade, on track for their biggest one-day jump since May 2025. Volkswagen had previously abandoned plans for a factory in Türkiye in 2020, citing the COVID-19 pandemic and global economic developments.
Source: Daily Sabah (3 Nov 2026). This summary is for information only and is not tax, legal or investment advice.