Turkish Auto Sector Records Rising Exports To European Union
Automotive Exports|October 2019
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.

According to the UludaÄŸ Automotive Industry Exporters Association (OIB) and Turkish Exporters Assembly (TÄ°M), the Turkish automotive industry raised its exports by 8.4% in August compared to the same period last year.

With a 13% share in Turkish exports, the automotive industry ranked first again and reached the second-highest August export figure in its history, achieving the highest growth rate of 2019 with 8.4%.

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM AUTOMOTIVE EXPORTSView All

Turkish Auto Industry Eyes Over $500M In Exports To Russia

The leader of national exports, Turkey’s 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).

1 min read
Automotive Exports
October 2019

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.

2 mins read
Automotive Exports
October 2019

Volvo's Electric Brand Polestar Inaugurates China Factory With Exports To US, Europe On Sight

Amid rising trade tension, Volvo’s electric brand, Polestar, is going ahead with plans to export its first Chinese-made model to the United States next year, the automaker’s 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.

1 min read
Automotive Exports
October 2019

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,

3 mins read
Automotive Exports
October 2019

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 Cüneyt Paksoy.

2 mins read
Automotive Exports
October 2019

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.

2 mins read
Automotive Exports
October 2019

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.

1 min read
Automotive Exports
October 2019

Cezeri, Turkey's First Flying Car Debuts At Teknofest

Turkey’s first flying car, Cezeri became the most notable product at this year’s Teknofest, the country’s top aerospace and technology festival visited by nearly 2 million people from Sept. 17-22.

5 mins read
Automotive Exports
October 2019

Turkish manufacturer enjoys 45% rise in overseas sales

TürkTraktör, the Turkish automotive industry’s 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.

2 mins read
Automotive Exports
August 2019

Turkish automotive sector keeps its lion's share in total exports

It is reported by Automotive Manufacturers Association (OSD) that automotive sector keeps its lion’s share in Turkey’s total exports during the first six months of the year.

2 mins read
Automotive Exports
August 2019
RELATED STORIES

EU WANTS TO TOUGHEN CYBERSECURITY RULES FOR SMART DEVICES

The European Union’s executive arm proposed new legislation that would force manufacturers to ensure that devices connected to the internet meet cybersecurity standards, making the 27-nation bloc less vulnerable to attacks.

2 mins read
Techlife News
September 17, 2022

EU COURT LARGELY UPHOLDS $4B GOOGLE ANDROID ANTITRUST FINE

A top court largely rejected Google’s appeal of a record European Union antitrust fine imposed for throttling competition and reducing consumer choice through the dominance of its mobile Android operating system.

2 mins read
Techlife News
September 17, 2022

IRISH WATCHDOG FINES INSTAGRAM 405M EUROS IN TEEN DATA CASE

Irish regulators are slapping Instagram with a big fine after an investigation found the social media platform mishandled teenagers’ personal information in violation of strict European Union data privacy rules.

1 min read
AppleMagazine
September 09, 2022

What the Large Hadron Collider Will Discover Next

Earlier this year, the Large Hadron Collider (LHC) was prepped to achieve its next milestone: operating with a record-setting high-energy beam.

3 mins read
Popular Mechanics US
September - October 2022

ENABLING Future Leaders

DR. ICHAK ADIZES is an expert in change management for organizations. Here he shares some thoughts on leadership, and how we can best enable our future leaders.

2 mins read
Heartfulness eMagazine
August 2022

Lagarde’s Tightrope Act

The European Central Bank chief’s path to a soft landing is exceedingly narrow

4 mins read
Bloomberg Businessweek US
July 25, 2022

Europe Aims at Tech's Tower of Babel

New rules to make messaging apps communicate with one another raise privacy and security concerns

5 mins read
Bloomberg Businessweek US
July 25, 2022

THE BEST CYCLING BIB SHORTS

While researching this story, I was sorting through some old gear I've been meaning to donate.

7 mins read
Bicycling US
Issue 04, 2022

WITH US DOLLAR NEARLY EQUAL TO EURO, IMPACT IS BEING FELT

The U.S. dollar has been surging so much that it’s nearly equal in value to the euro for the first time in 20 years. That trend, though, threatens to hurt American companies because their goods become more expensive for foreign buyers. If U.S. exports were to weaken as a result, so, too, would the already-slowing U.S. economy.

4 mins read
Techlife News
Techlife News #558

A Great Glue Bottle Tip

WORKSHOP TIPS

1 min read
Popular Woodworking
August 2022 - Issue 266