Tofas Turk Otomobil Fabrikasi AS
IST:TOASO.E
TOASO.E's latest stock split occurred on Jul 18, 2005
The company executed a 11131-for-10018 stock split, meaning that for every 10018 shares held, investors received 11131 new shares.
The adjusted shares began trading on Jul 18, 2005. This was TOASO.E's 4th stock split, following the previous one in Jan 1, 2005.
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Tofas Turk Otomobil Fabrikasi AS
Glance View
Tofas Turk Otomobil Fabrikasi A.S., an enduring emblem of Turkey's automotive industry, stands as a testament to the resilience and adaptability of the nation's manufacturing sector. Established in 1968 as a joint venture between Koç Holding, one of Turkey's most prominent conglomerates, and Fiat Chrysler Automobiles, Tofas was born out of a vision to bring locally assembled automobiles to the Turkish market. Nestled in the industrial heartland of Bursa, the company's sprawling manufacturing facility is a hive of activity where ambition meets engineering precision. With a robust production capacity capable of rolling out hundreds of thousands of vehicles annually, Tofas has cemented its reputation not only as a domestic leader but also as a pivotal exporter that serves a sprawling network across Europe and beyond. At the core of Tofas's business model lies a multifaceted approach to creating value. By leveraging its strategic alliance with Fiat, Tofas has rights to produce and distribute a diverse portfolio of vehicles ranging from passenger cars to light commercial vehicles under brands such as Fiat, Citroën, and Peugeot. The company adeptly balances its output between fulfilling domestic demand and capitalizing on lucrative export markets, thereby securing a steady revenue stream. Contributing to its financial agility is its commitment to innovation, where investments in research and development fuel advancements in automotive technology and sustainability. By embedding these elements into its operational fabric, Tofas not only navigates the cyclicality of the automotive industry but thrives within it, reinforcing its stature as a key player in the global automotive supply chain.
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