According to data compiled from the association’s reports, Turkey’s car and light commercial vehicle sales totaled 195,144 in the first half of this year, narrowing around 47 percent on a yearly basis. Some 353,348 vehicles were sold in the same period of 2018. Passenger car sales also slipped 43.3 percent to 156,378 during the same period, while 275,870 units were sold in the first half of last year.
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Turkish Auto Industry Eyes Over $500M In Exports To Russia
The leader of national exports, Turkeyâs automotive industry expects its exports to Russia to exceed $500 million in 2019, according to the vice-chairman of the Uludag Automotive Industry Exporters Association (OIB).
Turkey Grants TL 28B In Support To Auto Industry
Turkey, seen as having the best chance to host the new factory of German carmaker Volkswagen, has been the investment base of the automotive industry over the last five years.
Volvo's Electric Brand Polestar Inaugurates China Factory With Exports To US, Europe On Sight
Amid rising trade tension, Volvoâs electric brand, Polestar, is going ahead with plans to export its first Chinese-made model to the United States next year, the automakerâs CEO said. Polestar opened a factory in the western city of Chengdu to produce the Polestar 1, a two-door, gasoline-electric hybrid coupe with a carbon-fiber body.
OECD Revises Turkey's Growth Estimate,cuts Global Outlook To Post-Crisis Low
The Organization for Economic Co-operation and Development (OECD) made a major revision in its projection for Turkish economic growth in 2019, as it warned about escalating trade tensions are eroding global growth prospects,
Turkey To Attract More FDI Despite Global Reduction
Having received around $13 billion in foreign direct investment (FDI) in 2018, Turkey will continue to attract more investments from across the globe, according to strategist and analyst CÃŒneyt Paksoy.
Foreign Direct Investment Records 6.3% Rise In First Half
Foreign direct investment (FDI) in Turkey increased by 6.3% from June last year to June 2019, reaching approximately $12.4 billion.
Turkish Auto Sector Records Rising Exports To European Union
The automotive sector, the engine of Turkish exports, achieved $1.3 billion in exports to European Union countries in August, an increase of nearly 10% compared to the same month last year.
Cezeri, Turkey's First Flying Car Debuts At Teknofest
Turkeyâs first flying car, Cezeri became the most notable product at this yearâs Teknofest, the countryâs top aerospace and technology festival visited by nearly 2 million people from Sept. 17-22.
Turkish manufacturer enjoys 45% rise in overseas sales
TÃŒrkTraktör, the Turkish automotive industryâs first manufacturer that is still operational, saw its overseas sales turnover increase by 45% in the January-June period, the company said in a statement.
Turkish automotive sector keeps its lion's share in total exports
It is reported by Automotive Manufacturers Association (OSD) that automotive sector keeps its lionâs share in Turkeyâs total exports during the first six months of the year.
