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Automotive
The mission of the Automotive industry – one of the most globalised industries – is to provide safe and accessible transportation for the world’s increasing population. The industry is one of the main engines of economic growth, with important multiplier effects both in upstream sectors such as metal processing, chemicals, and textiles, and in downstream sectors like ICT, trade and services. It is also one of the biggest innovators on a global scale, rapidly adopting breakthrough technologies that address the need for more efficient and environmentally-friendly transport solutions.
The Automotive industry involves the manufacturing of bodies, engines, parts and whole vehicles for ground transportation. Such vehicles include motorcycles, cars, light commercial vehicles and heavy commercial vehicles.
Turkey’s automotive sector was badly hit by the economic recession in the country, which was sparked by the sharp depreciation of lira in the summer of 2018. Despite the government’s efforts to support the domestic market, car sales ...
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Proximity to Western European markets, low-cost skilled labour and favourable investment environment have turned Emerging Europe into a preferred location for major automotive producers and helped the region claim an increasing share of the global ...
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Turkey’s automotive sector recorded solid growth in 2017, with production and exports hitting new record highs for the third straight year. The surge was supported by increased investments, with local automotive manufacturers expanding their ...
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Turkey’s automotive sector grew strongly in 2016, with production hitting a new record high for the second straight year and exports exceeding the one-million mark for the first time ever. The expansion was supported by increased investments, ...
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