people queue outside a luxury store in an upscale Istanbul neighborhood Tuesday.
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BBVA, UniCredit SpA of Italy and France's BNP Paribas SA are the most exposed with BBVA owning 49.9 percent of Garanti and getting about 14 percent of net profit in the first half from its Turkish subsidiary.Alphavalue has estimated BNP could exit Turkey entirely.Toyota recently poured 350 million euros ($400 million) into the plant so it can produce the latest generation of vehicles, bringing total investment to 1.7 billion euros. Volkswagen AG delivered about 158,000 vehicles in Turkey last year, though that's a drop in the bucket for a company that produced almost 11 million vehicles overall. Daimler AG's Mercedes-Benz has been producing trucks in Turkey for over 30 years; they're sold primarily in the domestic market. It's investing 113 million euros through this year to double capacity at the Aksaray plant, where the company employs about 1,800 workers. Its largest plant is located in Turkey, with 3,777 employees, where it gets about 15 percent of its goods.On the other hand, traffic within Turkey is a bit weaker, which the company will react to by reducing capacity, the spokesman said.
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