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Karsan Hails Detroit for Taxi Partnership

Image Turkish carmaker Karsan, one of three finalists in the city's "Taxi of Tomorrow" competition, plans to partner with an American automaker to build the powertrain for the vehicle that it hopes will be the next New York City cab, a source familiar with the company's plans says. The competition to custom-build an iconic taxi to replace the various models on the road today is coming into the home stretch, and Karsan hopes that a partnership with an American automaker like General Motors or Chrysler could allay concerns that it lacks U.S. manufacturing experience.

The Taxi and Limousine Commission expects to announce a winner soon. Commissioner David Yassky has said that if none of the models measure up, the city could decide to postpone awarding the exclusive 10-year contract.

Turkish Ford Plant, Aiming Increased U.S. Sales

ImageAccording to CEO Nuri Otay of Ford’s Turkish unit, the plant is aiming towards a 50% sales increase in the United States for 2011. The Turkey unit is one of the finalists in the competition to supply New York taxis. Ford Otomotiv Sanayi AS is already commercializing the Transit Connect van for use as service vehicles in cities like Boston, Chicago, Washington and Los Angeles, according to Otay. He added that the demand for the Transit Connect van will increase in 2011. The car is being produced at a plant located in Kocaeli, Turkey.

A New Approach from Halach Gold to the Jewelry Market

ImageThe jewelry sector is one of the sectors with the greatest ambition to make its mark as a global brand. Representatives of the industry have declared their goal of becoming the global leader by reaching exports of $10 billion in 10 years. Turkish companies are known for their traditional way of doing business (store based) in the U.S., but one of them decided to set up a web based company.  (http://www.mygoldgram.com) Çiğdem Bostan, Vice President & COO of Halach Gold Inc., a New York based gold buying and selling company, talked to TURKOFAMERICA.

"The Best Way to Understand the U.S. Market Is to Stay Informed"

ImageRobert Headley, Chief Operating Officer of Jewelers of America, says suppliers in Turkey who can help U.S. retailers to meet market challenges and changes will have the greatest success. “I would strongly encourage foreign companies who want to enter the jewelry industry here to do their homework. The best way to understand the U.S. market is to stay informed,” he added.  Headley answered TURKOFAMERICA’s questions.

American Construction Industry Has No Prospect for Significant Growth until 2011

ImageThe American Institute of Steel Construction (AISC), headquartered in Chicago, is a not-for-profit technical institute and trade association established in 1921 to serve the structural steel design community and construction industry in the United States. Current market share for structural steel in the non-residential marketplace is 59%, based on square footage of construction starts.

"The Turkish Steel Industry Has Shown Outstanding Performance"

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Nicholas Walters, Communications Director of the World Steel Association.
The World Steel Association forecasts that apparent steel use will increase by 10.7% to 1,241 million metric tons (mmt) in 2010 after contracting by -6.7% in 2009. With these projections, world steel demand in 2010 will exceed the pre-crisis levels of 2007. In 2011, it is forecast that world steel demand will grow by 5.3% to reach a historical high of 1,306 mmt. The resilience of the emerging economies, especially China, has been the critical factor enabling the earlier than expected recovery of world steel demand.

Turkey Is One of Six "Next Tier Markets" for the United States

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Assistant Secretary for Economic, Energy and Business Affairs Jose W. Fernandez met with Turkish Union of Chambers and Stock Exchanges Chairman Risat Hisarciklioglu during his June visit to Turkey for the Economic Partnership Commission meeting.
By Jose W. Fernandez*
- The tempo of economic engagement between Turkey and the United States is steadily increasing.  There is a level of excitement that translates into potential cooperation in many areas – from renewable energy to developing the financial sector, promoting new and existing small and medium sized companies, and economic cooperation in third countries.  While U.S. trade with Turkey was sharply impacted during the economic downturn, two-way trade has risen by 37.8% to $5.6 billion for the first five months of 2010.  

New York State: Home of 2000 Foreign Entities

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Located in the heart of the biggest concentration of population in North America, New York is within one day’s highway travel of more than 55 percent of the nation’s population and more than 60 percent of the population of Canada.  Many of the nation’s major cities, including Milwaukee, Pittsburgh, Chicago, Louisville, Charlotte, Raleigh, Washington, D.C., Boston and Portland, Maine are within one day’s drive of New York locations.  In fact, New York’s location has made it a preferred location for distribution activities serving the Northeast, Midwest, and Mid South.

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