Türkiye’s automotive production declined by 8.7% year-on-year in the first quarter of 2025, with a total of 344,120 units produced, according to the Automotive Manufacturers Association (OSD).
Automobile production also saw a decrease of 7.3%, reaching 220,927 units during the same period. The total vehicle market in Türkiye contracted by 7%, with 285,818 units sold in the first quarter, while the automobile market dropped by 4.1% to 223,793 units.
Automotive exports decreased by 0.9% in terms of quantity, and imports also fell by 3.8%. In total, automotive exports amounted to 254,683 units, while imports stood at 196,687 units.
On a value basis, however, Türkiye’s automotive sector showed some positive growth. Total automotive exports increased by 1.9%, reaching $9.38 billion, while automobile exports grew by 11.6%, totaling $2.75 billion in the first quarter of 2025.
President of Azerbaijan Ilham Aliyev, in a message to participants of the 28th Eurasian Economic Summit, praised the strong Azerbaijani–Turkish partnership and reaffirmed Azerbaijan’s commitment to promoting peace, tolerance, and interfaith harmony.
Representatives from Türkiye and Israel are meeting in Azerbaijan's capital today for informal negotiations aimed at de-escalating tensions over activities in Syria and preventing potential conflict.
Türkiye and the United Kingdom have agreed to begin the first round of negotiations by the end of July to modernize and expand their Free Trade Agreement, aiming to boost economic ties and reflect evolving trade priorities.
Uber said it would buy a majority 85% stake in Turkish food and grocery delivery platform Trendyol Go for $700 million, as the ride-hailing giant looks to tap new growth markets amid signs of saturation in its mainstay North American business.
Turkish Foreign Minister Hakan Fidan will travel to Warsaw on Thursday to attend an informal meeting of EU foreign ministers, focusing on regional security, hybrid threats, and Türkiye-EU cooperation.
Swiss President Karin Keller-Sutter said Switzerland and the U.S. have agreed to accelarate trade talks.
Azerbaijan showcased its green transition plan at the Copenhagen Ministerial, targeting 30% renewable energy by 2030. The country also secured a $300 billion climate finance pledge and helped finalize a key carbon market agreement, highlighting its growing role in global climate action.
European foreign ministers signed the Lviv Statement supporting a special tribunal and a U.S.-backed ceasefire, during a visit to Ukraine that included a memorial tribute to fallen soldiers.
White House economic adviser Kevin Hassett said on Friday that early signs ahead of this weekend’s U.S.-China trade talks in Switzerland appear positive, with both sides showing mutual respect and a constructive tone.
A new U.S.-supported initiative to deliver humanitarian aid into Gaza is expected to start operating shortly, U.S. Ambassador to Israel Mike Huckabee said Friday, though specific details are yet to be made public.
India has fired a series of missiles into Pakistani-controlled territory, in what it has described as “Operation Sindoor”
For the first time in history, an American has been chosen to lead the Catholic Church, as Cardinal Robert Prevost is named pope.
Discover every major VE Day 80 event in Britain, 5‑8 May 2025—from London’s parade and fly‑past to street parties, concerts and museum exhibitions.
Chinese e-commerce platform Temu has announced it will no longer sell goods directly from China to U.S. customers, shifting instead to U.S.-based sellers amid the closure of a long-criticized customs loophole.
Cardinals from 70 nations have gathered in Vatican City to begin the historic conclave to elect the next pope, following the death of Pope Francis 17 days ago. This conclave is the most geographically diverse in Church history, showcasing Francis’ legacy of inclusivity.
Ukrainian President Volodymyr Zelenskyy announced that leaders of the "coalition of the willing" will meet in Kyiv on Saturday, as Europe weighs its long-term security role in Ukraine's future.
Swiss President Karin Keller-Sutter said Switzerland and the U.S. have agreed to accelarate trade talks.
European foreign ministers signed the Lviv Statement supporting a special tribunal and a U.S.-backed ceasefire, during a visit to Ukraine that included a memorial tribute to fallen soldiers.
White House economic adviser Kevin Hassett said on Friday that early signs ahead of this weekend’s U.S.-China trade talks in Switzerland appear positive, with both sides showing mutual respect and a constructive tone.
A new U.S.-supported initiative to deliver humanitarian aid into Gaza is expected to start operating shortly, U.S. Ambassador to Israel Mike Huckabee said Friday, though specific details are yet to be made public.
Swiss President Karin Keller-Sutter said Switzerland and the U.S. have agreed to accelarate trade talks.
Azerbaijan showcased its green transition plan at the Copenhagen Ministerial, targeting 30% renewable energy by 2030. The country also secured a $300 billion climate finance pledge and helped finalize a key carbon market agreement, highlighting its growing role in global climate action.
European foreign ministers signed the Lviv Statement supporting a special tribunal and a U.S.-backed ceasefire, during a visit to Ukraine that included a memorial tribute to fallen soldiers.
White House economic adviser Kevin Hassett said on Friday that early signs ahead of this weekend’s U.S.-China trade talks in Switzerland appear positive, with both sides showing mutual respect and a constructive tone.
A new U.S.-supported initiative to deliver humanitarian aid into Gaza is expected to start operating shortly, U.S. Ambassador to Israel Mike Huckabee said Friday, though specific details are yet to be made public.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment