Ford Otosan Suffers from Inflation-Currency Gap in First-Half 2026 Earnings

Ford Otosan's first-half earnings results for 2026 revealed significant profitability pressure due to inflation and currency exchange rate gaps.

The Turkish joint venture between Ford and Koc Holding reported a 37% decline in adjusted EBITDA, with margins contracting by 240 basis points to 6.0%, despite maintaining its leadership position in Europe's commercial vehicle market for the 12th consecutive year.

Total revenues declined 12% year-over-year to TRY 427.1 billion, while domestic revenues fell 21%. The revenue decline was less severe than the volume decrease, indicating some pricing power.