Turkey's auto industry, which accounts for around 80% of its exports to Europe, is now looking to alternative markets as sales in the region begin and are expected to fall further. The semiconductor crisis and supply problems continue to have a negative impact on the automotive industry. In the first

Hyundai has requested to take full control of its plant in Turkey by purchasing a 30 percent stake now held by Kibar Holding

Turkish bus manufacturer Otokar Otomotiv said it has signed an agreement with its peer Iveco Bus, a brand of the Netherlands-based capital goods company CNH Industrial, to manufacture products under this brand in Turkey. The partnership includes the production of existing Iveco Bus models for international distribution, as well as