Mexican Media Brands
Turkey Dangles Incentives to Lure More Auto Output
The Turkish government says it will waive tariffs on 15% of a foreign automaker's small-car imports if the company boosts local capacity by at least 100,000 vehicles, Bloomberg News reports, citing a speech by Economy Minister Zafer Caglayan.
#economics
Share
The Turkish government says it will waive tariffs on 15% of a foreign automaker's small-car imports if the company boosts local capacity by at least 100,000 vehicles, Bloomberg News reports, citing a speech by Economy Minister Zafer Caglayan.
Turkey also will allow companies to import additional small cars duty-free in return for an unspecified increase in domestic engine capacity, according to Caglayan. He says both categories of tariff cuts apply only to vehicles in the A through C segments.
Foreign-based automakers with Turkish factories include Fiat, Ford, Honda, Hyundai, Renault and Toyota. Carmaker group OSD predicts Turkey's passenger vehicle production in 2012 will slide 4% year on year to 622,700 units.
RELATED CONTENT
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.