Ahmet Vehbi Koç (20 July 1901 – 25 February 1996) was a Turkish billionaire, businessman, entrepreneur and philanthropist who founded the Koç Group, one of Turkey's largest groups of companies. During his lifetime, he came to be one of Turkey's wealthiest citizens. He was also a well-known philanthropist with interests in health, education and the arts.
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👉 Vehbi Koç in the context of Koç Holding
Koç Holding A.Ş. (Turkish pronunciation: [kotʃ]) is a Turkish multinational industrial conglomerate headquartered in Istanbul, Turkey. It operates as the country's largest company, and is listed on Fortune Global 500 as of 2024. Koç Holding's contributions make up to 7% of Turkey's overall exports. The company is controlled by the Koç family, one of Turkey's wealthiest families.
Founded in 1926 by Vehbi Koç, it is regarded as one of the pioneering actors in the industrialization of Turkey. Subsidiaries owned by Koç Holding engage in a variety of sectors, including banking, energy, automotive, household appliances, and defence.
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Vehbi Koç in the context of Tofaş
TOFAŞ Türk Otomobil Fabrikası A.Ş (acronym for Türk Otomobil Fabrikası Anonim Şirketi; Turkish Automobile Factory Joint-Stock Company pronounced [tofaʃ]) is a Turkish automobile manufacturer which was established in 1968 by Vehbi Koç, who founded Koç Holding, based in Bursa, where the manufacturing plant of the company is located. It is jointly owned by Stellantis and Koç Holding (37.8% of the company's shares belong to Stellantis (through Fiat Group Automobiles); 37.8% to Koç Holding; and 24.3% freefloat).
Tofaş manufactures both passenger cars and light commercial vehicles. It is one of the biggest automakers in the sector, with its 7,000 employees and 450,000 vehicles annual production capacity. Tofaş manufactures for the Fiat, Citroën, Peugeot, Opel, Vauxhall and RAM brands in Bursa, which has achieved for it the “Gold Level” within the scope of the WCM-World Class Manufacturing Program that is implemented in the 175 plants within the framework of Stellantis.