Trump signals Canada trade deal, holds off tariffs
U.S. President Donald Trump said Wednesday he delayed tariffs on some Canadian goods for three days because he believes Washington and Ottawa have reached a trade deal, as negotiat...
DAILYSABAH
Daily Sabah - Business - Automotive
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EV charging demand in Türkiye hits record high amid quick adoption
The increase in electric vehicle (EV) use in Türkiye, combined with the expansion of charging infrastructure and the resulting growth in charging demand, pushed electricity consump...
Led by ex-Ferrari designer, Türkiye's 2nd homegrown carmaker nears debut
Türkiye is on the verge of getting a new homegrown passenger car brand, as the industrial group HABAŞ edges closer to revealing its first models, with acclaimed designer Frank Step...
Ferrari's first EV fetches record $40 million at charity auction
Ferrari has auctioned a one-of-a-kind bespoke version of the Luce, its first fully electric car, for a record $40 million. The Italian luxury automaker said the proceeds will go to...
Türkiye's auto output slows, but industry bets on new investment cycle
Türkiye's automotive production fell 8% year-over-year in the first seven months of 2026, while exports by volume declined 14%, as weaker passenger car output and fewer workin...
As Opel partners with Chinese, its hometown rethinks its future
As Germany's Opel cuts its engineering ranks and turns its direction toward partnership with China's Leapmotor, anxiety is running high in its hometown of Ruesselsheim, t...
Hyundai launches IONIQ 3 production to embolden Türkiye's EV ambitions
South Korean automaker Hyundai on Friday started mass production of its new all-electric IONIQ 3 model at a factory in Türkiye's northwestern Kocaeli province. It makes Hyund...
Canada weighs accepting US auto tariffs for lower USMCA levies
Canadian officials are considering accepting U.S. tariffs on auto exports in return for Washington reducing levies on vehicles that comply with the United States-Mexico-Canada Agre...
Hiroshi Okuda, Toyota's ex-chief credited for its rise, passes away
Hiroshi Okuda, former head of Japanese automaker Toyota, credited with championing the pioneering Prius hybrid brand and turning the company into a global giant, has died aged 93,...
Chery's Nissan move in Africa signals Chinese EV production shift
Chinese carmakers are shifting their strategy in Africa, opting to build in African countries instead of prioritizing exports, counting on rapid urbanization, a growing middle clas...