bmc update

BMC Otomotiv Sanayi ve Ticaret A.Ş. (English: BMC Automotive Industry and Trade A.Ş.), doing business as BMC Otomotiv and BMC (Turkish pronunciation: [beː meː ˈdʒeː]), is one of the largest automobile manufacturers in Turkey. Its products include commercial trucks, buses, military trucks and armoured vehicles. The company was founded in 1964 by Ergün Özakat in partnership of British Motor Corporation which held a 26% stake. It was purchased by Çukurova Holding in 1989, and seized by the Turkish government's TMSF (Turkish Savings Deposit Insurance Fund) in 2013. BMC has been taken over with a final bid of TL 751M, by a partnership of 51% Turkish side (Ethem Sancak and Talip Öztürk) and 49% Qatari side (QAFIC – Qatar Armed Forces Industry Committee).

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