automotive
- UAE
Abu Dhabi’s CYVN Finalizes McLaren Acquisition to Drive Global Mobility Expansion
This milestone marks a significant step in CYVN’s strategy to build a leading, globally connected mobility platform and unlock McLaren’s…
Read More » - Turkiye
Turkiye’s Automotive Sector Grows with $10B Investment Despite Market Challenges
Companies operating in the automotive industry have continued their investments despite the challenges they face, says Cengiz Eroldu, president of…
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Minister Ömer Bolat: Full Support for Türkiye’s Automotive Industry in Global Competition
Trade Minister Omer Bolat has reaffirmed full support for Türkiye’s automotive sector in strengthening its position in the global competition…
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Automotive Industry Leads Türkiye’s Exports with $3 Billion in February
The automotive industry became Türkiye’s top exporting sector in February, recording $2.98 billion in exports. Among the highest-exporting industries last…
Read More » - Turkiye
Diesel Cars Lose Dominance in Turkiye as Electric Vehicle Interest Surges Amid Green Transition
Electric vehicles increasingly prominent as world shifts to clean energy, sustainability, while Türkiye follows changing trends in auto industry The…
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Turkiye’s Koc Holding Reports $65.8 Billion Revenue, Expands Global Investments
Türkiye’s largest conglomerate, Koc Holding, reported $65.8 billion in consolidated revenue in 2024, alongside $4.4 billion in combined investments across…
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TurkTraktor Announces 2024 Financial Results: Total Revenue Reaches 66.97 Billion TL
TürkTraktör, the longest-established manufacturer in Türkiye’s automotive sector, has announced its financial results for 2024. In 2024, TürkTraktör produced 43,611…
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Turkiye’s Rising Automotive Labor Costs Threaten Global Competitiveness
Automotive labor costs in Türkiye have risen sharply, approaching $3.12, bringing production expenses closer to those in Japan, according to…
Read More » - Business
Minister Kacir: “We Will Announce an Investment Package of Over $2 Billion Next Month”
Türkiye Set to Boost Investments in Biotechnology, Space, Industrial Robots, Automotive, and Data Centers in 2025 Minister of Industry and…
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Bentley, Ferrari, and Lamborghini Sales Peak Again in Turkiye
According to data from the Automotive Distributors and Mobility Association (ODMD), total sales of the three luxury car brands—Bentley, Ferrari,…
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