It was announced by the Turkish Agricultural Machinery and Equipment Manufacturers Association ( TARMAKBIR) that one out of every 3 tractors produced in Turkey had been sold to the USA known as the major source country of tractors. Chairman TEKBAS stated the total figure by the end of the year could surpass 15,000 pieces. TEKBAŞ also said the sector expected to achieve an export figure of US$ 600 million in ...

Toyota Turkey to hit USD 2.5 billion in exports with the new Corolla Toyota Turkey is reported to focus on exports from Turkey. It was also expressed that the target export volume would be about USD 2.5 billion. It is known that The new Corolla to enter production in the first half of 2013 in Toyota’s Sakarya plant in northwestern Turkey is expected to contribute to said increase in export sales from this c ...

It was stated by Adil Goren, Board Chairman of the company that the vehicles assembled in Turkey would be sent to domestic and foreign markets from Turkey. The facility built with with a 15 million euro investment is planned to do the assembling of different business model vehicles under brand name GAZELLE Mr. Goren also emphasized that they would assemble parts in the factory and said "vehicles assembled h ...

Hyundai of South Korea and Turkish automotive company Karsan will jointly invest USD 260 million for the production of Hyundai branded light commercial vehicle (LCV) models of various configurations in Turkey. According to the contract signed between the two companies, following the Framework Agreement of the last year, Karsan will manufacture 3-6 ton range LCVs for Hyundai in Turkey beginning at the end of ...

Istanbul Autoshow has opened its doors to the automobile enthusiasts for the 14th time in 2012 with the slogan "Show Your Power". The event is accepted to be one of the most significant milestones in the development of Turkish automotive industry Top model cars are exhibited at the show organized in Istanbul and there is a great demand of visitors for the Fair. It is reported that the visitors have an oppor ...

The new Corolla, slated to enter production in the first half of 2013 in Toyota’s Sakarya plant in northwestern Turkey, will carry more locally-procured parts than the previous Toyota-branded vehicles manufactured in the country, according to Toyota Motor Europe President, Didier Leroy, speaking to the Turkish press at the Paris Motor Show. “Beginning with the 11th gen Corolla, we plan to increase the perce ...

An unexpected hike in special consumption tax on automobiles worries market actors as the demand is already on a sharp fall from last year. ‘How can we do planning?’ asks the head of distributors’ association The Turkish automotive sector wishes to see less tampering with sales taxes, as frequently changing tax regulations make it harder for the leading sector actors to respond effectively ahead of the loca ...

Japanese tire maker Sumitomo Rubber Industries is set to invest USD 500 million in a manufacturing plant in Turkey’s Central Anatolian province of Cankiri in partnership with Abdülkadir Ozcan A.S. The third largest tire producer of Japan plans to export 90 percent of the tires produced in Turkey to the Middle East, North Africa and Russia where it foresees a growing demand. The deal signed between Sumitomo ...

Jantsa and CLN to build a plant in Aydin at EUR 36 million Jantsa, a Turkish manufacturer of wheel rims producing mainly for the automotive and defense industry since 1977 and exporting to 80 countries worldwide, is forming a joint venture with Italian CLN Group, its biggest competitor in the global market. Both parties will have a 50 percent stake in JMW, the new joint venture that will be built in the Aeg ...

With Sarkozy gone, Renault returns to Turkish plant French car company Renault is set to launch the production of the Sports Tourer, the Station Wagon version of  its Renault Clio model, in its Bursa plant as Turkish-French relations normalize with the end of former French President Nicolas Sarkozy's rule, daily Hürriyet reported. Reports claimed that  the former president had told Renault not to produce it ...

Toyota Turkey to create 800 new jobs with new sedan Toyota’s new compact sedan, slated to enter production by 2013 at the company’s Turkish plant, will create at least 800 new jobs according to Toyota Turkey’s General Manager and CEO, Orhan Ozer. The Japanese car maker currently manufactures the Auris hatchback and the family saloon Verso at its plant in Sakarya in western Turkey. Ozer announced that a new ...

Turkey will be the production base of U.S. Caterpillar Inc. Richard Levin, an executive of the company, recently held a meeting with Turkish Science, Industry & Technology Minister Nihat Ergun, and told the company's desire to enter Turkish market and start production. ISTANBUL- Turkey has a strategic importance in the region. We target to reach not only to Turkish market but also the regional markets, ...

Turkey is certainly one of most successful economies in the world with a remarkable GDP performance in spite of the recent global crisis. The Turkish economy which was heavily dependent on agriculture until a couple of decades ago has gone through a major transformation and is now proud to have the capability to export industry products all over the world to include USA and the western block. To parallel th ...

Cummins launches Turkish plant Cummins Inc, US-based manufacturer of diesel engines and engine components, has officially launched its diesel filter production facility in Turkey’s Izmir on the Aegean coast. The USD 70 million production facility located in the Aegean Free Zone (ESBAS) will initially employ 85 workers which will gradually reach 500 by 2015. “The selection of Turkey and Izmir has been a meti ...

Ford Otosan’s Gebze Engineering Center, third largest of its kind in Ford Motor Company’s European operations, puts engineering skills next to the US auto maker’s “Made in Turkey” export list consisting of light commercial vehicles (LCV) , trucks and powertrains. The Turkish-US JV’s engineering services made available to Ford units worldwide totaled USD 50 million in 2011, according to the company’s Directo ...

Automobile sales decline one-fifth in five months The number of cars and light commercial vehicles sold in the first five months of the year was nearly 21 percent less that it was for the same period a year earlier, according to an Automotive Distributors Association (ODD) report. The report, available on the organization's website, shows that sales were 20.79 percent lower year-on-year in January-May, at 2 ...

Indian automotive company ASHOK LEYLAND has joined forces with Turkish company UTIKAR for production of a new range of inter-city and intra-city buses for the Middle East, North Africa and CIS markets. Mr. P.G. Nillson, Executive Director, International Operations, of the company which showcased at Busworld Turkey 2012 commented that he was delighted with the company’s global expansion drive. Mr. Nillson al ...

Hyundai to invest $607 mln, double its production in Turkey Economy Minister Zafer Çağlayan attended the ceremony where South Korean car-maker Hyundai introduced the new İ20 model. South Korean car maker Hyundai announced Thursday that it will invest $607 million in order to double its annual production capacity in Turkey from 100,000 vehicles to 200,000.CEO Ali Kibar of Kibar Holding, a partner of Hyundai ...

Ford has joined forces with Dow to produce a new generation vehicle, which they intend to lighten by 350 kilos. The composite that Ford and Dow engineers intend to use in their new designs will be produced by Turkey’s Aksa. With the decreasing petroleum reserves, coupled by the ripple in the metal industry's prices, the automotive industry is pushing their administrators to come up with innovative ideas. Wh ...

US automaker Ford’s Turkish unit Ford Otosan, a JV between Turkey’s Koc Group and Ford Motor Company, is building its third vehicle manufacturing plant in Turkey which will considerably increase its production capacity as it aspires to raise its exports to the US market. The new plant under construction in Golcuk, Kocaeli, adjacent to the existing facility, will churn out 110,000 vehicles per year once oper ...

Asian automotive companies see Turkey as a jump pad for entry into developed markets, a survey conducted by KPMG shows. The international auditing and consultancy firm’s annual “Global Automotive Executive Survey 2012” points out that Turkey is the location of choice for a production hub for car makers from Asia. Executives from global automotive companies forecasted expansion for the industry until 2016, w ...

Turkey's tractor manufacturing increased 56.2 percent to 62,750 in 2011, which was a record high production rate in this sector. Tractor manufacturing was 40,178 in 2010, according to figures of Association of Agricultural Equipment & Machinery Producers. The manufacturing figure had been the highest in 1998 with 61,868. It dropped to 10,840 in 2002 due to global economic crisis. Turkey manufactured 29, ...

Due to factors like the hike in the special consumption tax in 2011, the rise in car prices, and the increase in interest rates, car sales see a sharp drop in January Automobile and light commercial vehicle sales in Turkey for January fell 34.2 percent compared to a year earlier, according to the Automotive Distributors Foundation (ODD). The total number of automobiles and light commercial vehicles sold in ...