Tofaş

Tofaş (acronym for Türk Otomobil Fabrikası Anonim Şirketi; pronounced ) is a Turkish automaker based in Bursa, Turkey, where the production plant of the company is located. It was established in 1968 and builds Fiat models under license, together with some locally-designed vehicles (mainly used as taxicabs). Tofaş is jointly owned by Fiat and Koç Holding (37.8% of the company's shares belong to Fiat Group Automobiles; 37.8% to Koç Holding; and 24.3% to others).