Zaman, Turkey
May 28 2006

Peugeot: We are not Worried About Possible Crisis
By Economy Desk
Published: Saturday, May 27, 2006
zaman.com

The French automotive giant Peugeot is not worried about the market
fluctuations experienced in recent weeks.

Peugeot-Turkey General Manager, Yann Carnoy, said: `There is a
crisis, but this crisis does not belong to Turkey. It is a crisis
coming from outside… As this crisis does not stem from the Turkish
economy, we are not worried.’

Carnov offered some evaluations about the latest developments in the
Turkish economy. Upon a question about whether or not the
fluctuations in the markets caused a revision in their targets,
Carnoy explained that now the YTL is trying to make up the
difference, and this is a normal fluctuation.

In response to the question how the increase in the Euro will
influence the markets, Carnov replied: `An increase in prices is not
the case at the moment. We can not know what will happen in the
future. If you plan to buy a cay, I advise you to buy your car now.’

Carnov, mentioning that the tension that emerged between France and
Turkey about the so-called Armenian genocide will not negatively
affect sales, said: `It is necessary to remain calm. Besides, it
should not be forgotten that political world and the economy do not
follow suit.’