tofas
- Turkiye
Turkiye’s Auto Industry Accelerates With New Models, EV Production and Export Plans
Türkiye’s automotive sector is stepping into a vibrant new chapter in 2025, with legacy manufacturers launching fresh models and new…
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Turkiye’s Tofas agrees with Stellantis to export 230,000 K0 vans to North America
Türkiye-based automotive manufacturer Tofas has reached a new agreement with Stellantis Europe S.p.A. to export 230,000 units of its upcoming…
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Tofas and Stellantis Ink $301 Million Deal to Boost Vehicle Production in Turkiye
Turkish automotive manufacturer Tofas has finalized a production agreement with European automaker Stellantis that foresees an investment of up to…
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Turkiye Aims for Record $41 Billion in Automotive Exports as Sector Expands
Türkiye’s Trade Minister Omer Bolat said Monday the country expects to exceed $40 billion in automotive exports this year and…
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New Management at Tofas Following Stellantis Türkiye Acquisition
Following Tofaş’s acquisition of Stellantis Türkiye for 400 million euros, changes have been made to the company’s management structure. According…
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Koç Holding Reports $14.3 Billion Revenue in Q1 2025, Highlights Strategic Investments in Türkiye
Koç Holding announced that it generated a consolidated revenue of $14.3 billion in the first quarter of 2025. The company…
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Turkish Competition Authority Approves Tofas-Stellantis Acquisition Conditional on Investment Commitment
The Turkish Competition Authority (Rekabet Kurulu) has granted conditional approval for the planned acquisition between Tofas and Stellantis, linking 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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Turkiye’s Tofas Sees 76% Profit Drop Amid Sales Slump and Export Challenges
One of Türkiye’s leading automakers, Tofas, posted a 76% decline in net profit for 2024, totaling ₺5.2 billion ($144.04 million),…
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Tofas Temporarily Halts Production at Bursa Plant
Tofas Turk Otomobil Fabrikasi A.S. has announced a temporary suspension of production at its Bursa plant. The company stated that…
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