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Auto giants from all over Europe have been going through tough times lately. Naturally, this downsizing in the sector would also have consequences for the car market in
Auto giants from all over Europe have been going through tough times lately. Naturally, this downsizing in the sector would also have consequences for the car market in Turkey. An important statement has been made on this subject.
Chairman of the Board of Directors of the Automotive Industry Association Cengiz Erogluwhat happened to Turkey will have a negative impact He underlined and warned.
As is known, Europe is the main market for Turkish car exports. This means what happened in Turkey can cause export problems It means. Eroğlu said the surplus of vehicles in Europe could be shifted to the Turkish market. big risk evaluated as.
OSD president warned and said that to strengthen manufacturing competitiveness, policy development we need and we have It is very important that existing facilities are retained He also said it was important. He added that Chinese brands are putting a lot of pressure on European brands. The full description is as follows:
The contraction of European markets and unused production capacity could negatively affect our production by causing a decline in exports from the Turkish automotive industry. We believe it is important to develop policies to strengthen the eroding competitiveness of manufacturing in Turkey; Protecting our existing facilities has become even more important in this process.
While Chinese brands are making rapid progress in the electric vehicle market thanks to government incentives and low production costs, German manufacturers are forced to devote more resources and time to adapting to new technologies. This makes it difficult for them to achieve expected sales performance and affects their competitive advantage in the industry. “Chinese brands, which are rapidly emerging in the Chinese market, especially in the electric vehicle segment, are reducing the market share of European and especially German manufacturers.”
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Source: Web Tekno
Donald Salinas is an experienced automobile journalist and writer for Div Bracket. He brings his readers the latest news and developments from the world of automobiles, offering a unique and knowledgeable perspective on the latest trends and innovations in the automotive industry.
