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.
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The 32 countries belonging to the Internatioanl Energy Agency agreed to release 400 million barrels of oil on Wednesday (11 March), in efforts aimed at bringing down the price of crude oil, which has soared since fighting between Iran, Israel and the U.S. started at the end of February.
Explosive-laden Iranian boats reportedly attacked two fuel tankers in Iraqi waters on Wednesday, killing one crew member, after four other vessels were hit in the Gulf. The attacks, targeting ships linked to the U.S. and Europe, raise the total struck in the region.
A towering lava fountain from Kilauea shot about 400 metres into the air late on Tuesday (11 March) on Hawaii Island, prompting temporary closures at Hawaii Volcanoes National Park and part of a key highway as volcanic ash and debris fell over nearby areas.
The Strait of Hormuz has become a focal point of global concern as tensions rise following the conflict involving Iran, the United States and Israel. Tehran has threatened to block the strategic waterway, raising fears of disruption to global oil shipments and energy markets.
Norwegian police apprehended three brothers suspected of carrying out Sunday's (8 March) bombing at the U.S. embassy in Oslo, in an attack investigators have branded an act of terrorism.
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Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 12th of March, covering the latest developments you need to know.
Norwegian police apprehended three brothers suspected of carrying out Sunday's (8 March) bombing at the U.S. embassy in Oslo, in an attack investigators have branded an act of terrorism.
Oil prices continue to fluctuate as a result of the conflict in the Middle East with Iran and the insecurity of ships sailing through the key Strait of Hormuz route. Iran has said it will target any ship linked to the U.S., Israel or their allies.
Britain has deployed the Royal Navy destroyer HMS Dragon to the eastern Mediterranean to strengthen protection for its military assets in the Middle East after a drone strike targeted a key UK air base in Cyprus earlier this month.
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