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News

Türkiye Today
turkiyetoday.com > business > hyundai-starts-ioniq-3-production-in-turkiye-with-30000-unit-capacity-3226092

Hyundai starts IONIQ 3 production in T??rkiye with 30,000-unit capacity

1+ hour ago   (440+ words) South Korean automaker Hyundai has begun mass production of the fully electric IONIQ 3 at its Izmit plant in Kocaeli, with an annual capacity of 30,000 units, making it the first foreign automaker to produce a fully electric passenger car in Türkiye....

Google News
turkiyetoday.com > business > spacex-revenue-soars-92-but-shares-slide-on-doubts-3225412

SpaceX revenue soars 92%, but shares slide on doubts

1+ week, 2+ day ago   (449+ words) SpaceX posted a 92% jump in second-quarter revenue, topping analyst forecasts by roughly $1 billion in its first earnings report since going public, yet its shares fell as investors continued to doubt the company's ability to deliver on lofty promises. AI computing…...

Türkiye Today
turkiyetoday.com > business > volkswagen-faces-restructuring-layoffs-amid-labor-protests-3223559

Volkswagen faces restructuring, layoffs amid labor protests

1+ mon, 5+ day ago   (623+ words) Volkswagen's leadership is gathering on Thursday to hammer out details for a potentially historic overhaul of the global automotive sector, while labor organizations prepare nationwide demonstrations to oppose any mass job cuts. Europe's largest carmaker has faced intense pressure from…...

Türkiye Today
turkiyetoday.com > business > turkiyes-vehicle-sales-fall-82-in-h1-2026-as-credit-stays-tight-3223103

Türkiye's vehicle sales fall 8.2% in H1 2026 as credit stays tight

1+ mon, 1+ week ago   (390+ words) Türkiye's passenger car and light commercial vehicle sales fell 8.19% in the first half of 2026 as tight credit conditions continued to weigh on demand, with the market totaling 558,179 units in the January-June period. Passenger car sales dropped 9.8% year over year to…...

Türkiye Today
turkiyetoday.com > business > hyundai-adds-55m-battery-plant-renault-sticks-to-400m-plan-in-turkiye-3222038

Hyundai adds €55M battery plant, Renault sticks to €400M plan in Türkiye

1+ mon, 4+ week ago   (705+ words) South Korean automaker Hyundai unveiled a €55 million ($63.7 million) battery plant investment as part of a broader €715 million ($830 million) electric vehicle program in Türkiye, while French automaker Renault reaffirmed its €400 million plan to produce four new models in the country. As…...

Türkiye Today
turkiyetoday.com > business > byd-puts-1b-turkiye-plant-on-hold-to-prioritize-europe-expansion-report-3221635

BYD puts $1B Türkiye plant on hold to prioritize Europe expansion: Report

2+ mon, 4+ day ago   (473+ words) Chinese electric vehicle maker BYD has put its planned $1 billion manufacturing project in Türkiye on hold as it concentrates on ramping up production in Europe, a senior executive revealed on Tuesday. The company is preparing to launch vehicle assembly at…...

Google News
turkiyetoday.com > business > turkiye-auto-sales-drop-over-20-in-may-on-high-borrowing-cost-iran-war-3221136

Türkiye auto sales drop over 20% in May on high borrowing cost, Iran war

2+ mon, 1+ week ago   (454+ words) Türkiye’s passenger car and light commercial vehicle market contracted sharply in May, with total sales dropping 22.6% from a year earlier, according to sector data. Consumers pulled back on big-ticket purchases amid high borrowing costs and the Iran war, while calendar…...

Türkiye Today
turkiyetoday.com > business > europe-struggles-to-connect-100b-worth-of-renewable-projects-report-3221118

Europe struggles to connect €100B worth of renewable projects: Report

2+ mon, 1+ week ago   (449+ words) Nearly 830 gigawatts of renewable energy and storage projects worth €100 billion ($116.5 billion) are stuck waiting for grid connections across eight European countries, exposing a growing bottleneck in the region's energy transition, a new report found. The analysis prepared by consulting firm…...

Türkiye Today
turkiyetoday.com > business > ferrari-debuts-luce-its-first-all-electric-vehicle-3220706

Ferrari debuts Luce, its first all-electric vehicle

2+ mon, 2+ week ago   (384+ words) Priced at $640,000, the Luce breaks away from the Italian automaker’s traditional styling, debuting as Ferrari's first-ever five-seater vehicle. According to the company's website, the design was developed in partnership with LoveFrom, the creative collective established by former Apple chief designer…...

Türkiye Today
turkiyetoday.com > business > trump-tariffs-pull-honda-to-first-net-loss-since-1977-over-ev-revamp-3219922

Trump tariffs pull Honda to first net loss since 1977 over EV revamp

3+ mon, 7+ hour ago   (282+ words) Japanese carmaker Honda reported its first consolidated net loss since 1977, posting a deficit of 423.9 billion yen ($2.7 billion) after restructuring its electric vehicle operations in the United States amid sweeping tariffs and cuts to EV incentives under U.S. President Donald Trump, the…...