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News

Daily Sabah
dailysabah.com > business > economy > electric-hybrid-cars-tighten-grip-on-turkiyes-auto-market > amp

Electric, hybrid cars tighten grip on Türkiye's auto market

14+ hour, 10+ min ago  (318+ words) Diesel- and liquefied petroleum gas-powered cars in Türkiye's vehicle fleet continue to decline steadily, as hybrid and electric vehicles maintain their rapid growth, the official data showed. The total number of registered motor vehicles in Türkiye rose 6.7% year-over-year to 34.55 million…...

Daily Sabah
dailysabah.com > business > automotive > golden-age-is-gone-german-car-crisis-hits-young-engineers

'Golden age' is gone: German car crisis hits young engineers

1+ week, 1+ day ago  (659+ words) Despite a year of job hunting, experience with leading automotive suppliers and submitting about 50 applications, German software engineer Max Peil has yet to secure a new position. Trained in computer vision, a critical part of autonomous and intelligent driving systems,…...

Daily Sabah
dailysabah.com > business > automotive > vw-ceo-looks-to-avoid-plant-closures-prefers-other-ways-to-cut-costs

VW CEO looks to avoid plant closures, prefers other ways to cut costs

1+ week, 1+ day ago  (197+ words) Volkswagen CEO Oliver Blume indicated on Sunday that he's trying to avoid closing plants at the German storied automaker, and would still look to turn around its performance after years of struggling with higher competition and domestic pressures. The Wolfsburg-based…...

Daily Sabah
dailysabah.com > business > automotive > volkswagen-weighs-deeper-cuts-as-board-reviews-overhaul

Volkswagen weighs deeper cuts as board reviews overhaul

1+ week, 5+ day ago  (1001+ words) Volkswagen Group’s comprehensive cost-cutting package to combat Chinese manufacturers’ expansion is pending approval from its Supervisory Board as the carmaker intends to completely close four plants and lay off 50,000 additional workers in the face of challenges, threatening an employment collapse…...

Daily Sabah
dailysabah.com > business > economy > custom-limousines-of-turkiyes-ev-maker-togg-to-transport-nato-leaders

Custom limousines of Türkiye's EV maker Togg to transport NATO leaders

2+ week, 17+ hour ago  (219+ words) A custom-built limousine version of Türkiye's first domestic electric car, Togg T10X SUV, will be transporting leaders during the NATO summit in the capital, Ankara this week. Ten exclusively produced, extended-wheelbase T10Xs have been added to the protocol fleet for the crucial…...

Daily Sabah
dailysabah.com > business > transportation > cycling-industry-bets-on-smart-ai-powered-bikes-to-revive-sales

Cycling industry bets on smart, AI-powered bikes to revive sales

3+ week, 1+ day ago  (569+ words) At the Eurobike trade fair held in the German western city of Frankfurt, hopes are high that smart and AI-enabled bicycles might rekindle the momentum in the industry that has been dealing with years of flagging sales. Artificial intelligence, long-used…...

Daily Sabah
dailysabah.com > business > economy > turkish-competition-body-fines-tire-companies-785m

Turkish competition body fines tire companies $78.5M

1+ mon, 4+ day ago  (237+ words) Türkiye's competition watchdog announced on Tuesday that it fined tire manufacturers and distributors a combined TL 3.63 billion (nearly $78.5 million) for price coordination, anti-competitive dealer restrictions and labor market violations. Brisa received the highest fine at TL 1.02 billion, followed by Goodyear…...

Daily Sabah
dailysabah.com > business > economy > byd-pauses-work-on-plant-in-turkiye-executive-says > amp

BYD pauses work on plant in Türkiye, executive says

1+ mon, 1+ week ago  (371+ words) Chinese automaker BYD has put a factory it planned to build in Türkiye on hold while it focuses on production in Europe, a top executive said on Tuesday. BYD said in 2024 it would invest $1 billion to build a plant in…...

Google News
dailysabah.com > business > economy > growing-ev-fleet-in-turkiye-drives-record-charging-demand

Growing EV fleet in Türkiye drives record charging demand

1+ mon, 2+ week ago  (296+ words) Electricity consumption linked to electric vehicle (EV) charging services reached a record high in Türkiye during the recent Eid al-Adha holiday, according to official data that affirms the unprecedented expansion of battery-powered cars. Between May 22 and May 31, a total of…...

Daily Sabah
dailysabah.com > business > automotive > turkish-auto-sales-drop-sharply-in-may

Turkish auto sales drop sharply in May

1+ mon, 2+ week ago  (390+ words) Turkish auto sales declined sharply in May, posting nearly a 23% drop compared to the same period last year, the data from a leading association showed on Tuesday. Sales of passenger cars and light commercial vehicles in the country fell 22.55% year-over-year…...