 There are also a number of Turkish bus and truck brands, such as BMC, Otokar and TEMSA.By 2004, Turkey was exporting 518,000 vehicles a year, mostly to the European Union member states.In 2006, the European Investment Bank loaned Tofaş €175 million to jointly develop and produce with PSA Peugeot Citroën and Fiat Auto small commercial vehicles for the European market.