Türkiye's 44-year-old automotive giant is going bankrupt

The company, which produces for numerous automobile brands both domestically and internationally, has entered the legal protection process due to increasing financial problems.

Uncertainties in the sector are deepening

According to a report in Bursa Hakimiyet, Kapimsan Otomotiv's decision to file for bankruptcy is being viewed as a further reflection of the general economic downturn in the automotive sector. While no official statement has been released by the company or its officials regarding the process, the details of the bankruptcy decision are eagerly awaited.

TEKNOSAB FACTORY INVESTMENT AWAITS END

It remains unclear how this development will impact Kapimsan Otomotiv's new production facility in the Bursa TEKNOSAB region. The new factory, planned to be equipped with high technology, was intended to increase the company's production capacity and export potential. However, the impact of the bankruptcy proceedings on this project will become clearer in the coming period.