Automotive Exports October 2022

1

Monthly automotive aftermarket magazine 

GROUP CHAIRMAN 

H. FERRUH ISIK 

PUBLISHER: 

İstmag Magazin Gazetecilik 

İç ve Dış Ticaret Ltd. Şti. 

Managing Editor (Responsible) 

Mehmet Söztutan 

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Editor 

Ali Erdem 

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Editor 

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Technical Manager 

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Paris rendezvous of the industry 

The Turkish automotive industry has been able to consolidate and restructure its market 

share both at home and abroad. With a cluster of car-makers and parts suppliers, the Turkish 

automotive sector has become an integral part of the global network of production bases. 

The exports by Turkish automotive sector, which is the major power of the economy, 

reached remarkable figures in the last decade. The automotive industry has been active since 

the early seventies. Initially, the majority of the market development was based on imports 

and some level of local system integration. Since the full integration to the European Customs 

Union in 1994, Türkiye has become a major production platform for global automotive 

manufacturers and exporters. 

Currently, there are major multinational vehicle manufacturers with their own production 

facilities in Türkiye. While some of these companies are engaged in a joint venture with 

Turkish companies, others are operating independently. 

The Turkish automotive components industry reaches into many different sub-sectors of 

activity. Turkish producers of parts and components have attained high standards reflected 

by large export volumes to the Western countries. There are numerous producers of 

automotive components and services in Türkiye. More than half of these manufacturers 

compete in international markets and set high standards of export figures. Among them are 

many small and medium manufacturers with advanced technologies, constant updates and 

support from outside Türkiye, and a dynamic company structure. Many companies operating 

in the Turkish market possesses international certifications, enhancing their global market 

position. 

The Turkish automotive supplier industry produces almost all types of parts, components and 

spare parts such as engines and engine parts, power train parts and components, brake and 

clutch parts and components, hydraulic and pneumatic systems, suspension systems, security 

systems, rubber and plastic parts, chassis, frames and parts, casting and forging, electrical 

equipment and parts, lighting systems, accumulator batteries, seats etc. 

We think that technology will always be the key for the survival of the automotive industry. 

History says so. 

This month, we are at Equip Auto-Paris 2022. We are convinced that the event would be 

instrumental to increase business opportunities in the automotive industry. 

Our publications remain at the service of those businesses people seeking to increase their 

share in the increasingly competitive foreign markets. 

We wish all business people success and lucrative business. 

automotiveexport 

automotiveexports

Inside Tesla’s drive to keep 

Musk’s battery promise 

The secret behind Elon Musk’s goal of 

selling 20 million Tesla’s a year by 2030 lies 

in its pioneering battery technology. 

The good news is that by using bigger cells 

and a new process to dry-coat electrodes, 

Tesla could halve the cost of a Model Y 

battery, saving more than 8% of the car’s 

U.S. starting price, battery experts with ties 

to the company said. 

The bad news is that it’s only halfway 

there, according to 12 experts close to 

Tesla or familiar with its new technology. 

That’s because the dry-coating technique 

used to produce the bigger cells in Tesla’s 

4680 battery is so new and unproven that 

the company is having trouble scaling up 

manufacturing to the point where the 

big cost savings kick in, the experts told 

Reuters. 

“They just aren’t ready for mass 

production,” said one of the experts close 

to Tesla. 

Still, the gains Tesla has already made in 

cutting battery production costs in the past 

two years could help boost profits and 

extend its lead over most electric vehicle 

(EV) rivals. 

Musk’s promised improvements in battery 

cost and performance are seen by investors 

as critical to Tesla’s quest to usher in an era 

where it can sell a $25,000 EV for a profit 

- and stand a better chance of hitting its 

2030 targets. 

Battery systems are the most expensive 

single element in most EVs, so making 

lower-cost, high-performance packs is key 

to producing affordable electric cars that 

can go toe to toe with combustion-engine 

rivals on sticker prices. 

Tesla is one of only a handful of major 

automakers that produce their own EV 

batteries and by manufacturing Model Y 

cells at U.S. plants, the SUV will remain 

eligible for U.S. tax credits when many rival 

EVs may no longer qualify. 

Among the 12 battery experts Reuters 

spoke with, nine have close ties to Tesla 

and three of the nine have examined Tesla’s 

new and old battery technology inside and 

out through teardowns. 

Tesla did not respond to requests for 

comment. The sources predict that Tesla 

will find it difficult to fully implement the 

new dry-coating manufacturing process 

before the end of this year and perhaps not 

until 2023. 

October 2022 16

Stan Whittingham, a co-inventor of lithiumion 

batteries and a 2019 Nobel laureate, 

believes Tesla Chief Executive Elon Musk 

has been overly optimistic about the 

time frame for commercializing the new 

technique. “I think he will solve it, but it 

won’t be as quick as he likes. It’s going to 

take some time to really test it,” he said. 

In August, Musk told shareholders Tesla 

would be producing high volumes of 4680 

batteries by the end of 2022. 

According to the experts, Tesla has only 

been able to cut the Model Y’s battery 

cost by between $2,000 and $3,000 so far, 

about half the savings Tesla had planned 

for the 4680 battery, which it unveiled two 

years ago. 

But those savings have come mainly from 

the design of the new 4680 cells, which are 

bigger than those in Tesla’s current 2170 

battery, they said. 

But the heart of the drive to push down 

costs is the dry-coating technology, which 

Musk has described as revolutionary but 

difficult to execute. 

According to the sources, it should deliver 

as much as half of the $5,500 cost savings 

Tesla hopes to achieve, by slashing 

manufacturing costs and one-time capital 

spending. 

Tesla acquired the know-how in 2019 

when it paid over $200 million for Maxwell 

Technologies, a company in San Diego 

making ultracapacitors, which store energy 

for devices that need quick bursts of 

electricity, such as camera flashes. 

Building on Maxwell’s technology, Tesla 

began making 4680 dry cells this year, 

first in a pilot near its Fremont, California 

plant and more recently at its new global 

headquarters in Austin, Texas. 

The technology allows Tesla to ditch the 

older, more complex and costly wetcoating 

process. It’s expensive because it 

needs a substantial amount of electricity, 

machinery, factory space, time, and a large 

labor force. 

To coat electrodes in the wet process, 

battery producers mix the materials with 

toxic binder solvents. Once coated, the 

electrodes are dried in massive ovens, 

with the toxic solvents that evaporate in 

the process being recovered, treated and 

recycled – all adding to the cost. 

With the new technology, electrodes are 

coated using different binders with little 

use of liquids, so they don’t need to be 

dried. That means it’s cheaper, faster and 

also less environmentally damaging. 

Because of its simplicity, the process allows 

Tesla to cut capital spending by a third and 

slash both the footprint of a factory and 

its energy consumption to a 10th of what 

would be needed for the wet process, Tesla 

has said. 

But the company has had trouble 

commercializing the process, the sources 

said. 

Maxwell developed its dry-coat process 

for ultracapacitors, but the challenge with 

coating electrodes for EV batteries is that 

they are much larger and thicker, which 

makes it hard to coat them with consistent 

quality at mass-production speeds. 

“They can produce in small volume, but 

when they started big volume production, 

Tesla ended up with many rejects, too 

many,” one of the sources with ties to Tesla 

told Reuters. 

Production yields were so low that all the 

anticipated cost savings from the new 

process were lost, the source said. 

If all the potential efficiencies from drycoating 

and the bigger cells are realized, 

the manufacturing cost for Model Y’s 4680 

battery pack should fall to $5,000 to $5,500 

– roughly half the cost of the 2170 pack, 

according to the sources. 

The rising cost of battery materials and 

energy pose a risk to those forecasts, 

however, and Tesla has not yet been able 

to significantly improve the new battery’s 

energy density or the amount of power it 

packs, as Musk has promised. 

Still, despite those factors, the savings Tesla 

is expected to achieve will end up making 

the 4680 battery the industry’s “best in 

class” for the foreseeable future, one 

source said. 

Much of the $2,000 to $3,000 cost savings 

achieved with the 4680 battery so far have 

come from other improvements, and using 

bigger cells has proven particularly potent, 

the experts said. 

The 4680 cells are 5.5 times the size of the 

2170 cells by volume. The older cylindrical 

cells measure 21 millimeters in diameter 

and 70 millimeters in height, hence the 

name. The 4680 cells have a 46 millimeters 

diameter and are 80 millimeters high. 

With the older technology, Tesla needs 

about 4,400 cells to power the Model Y 

and there are 17,600 points that need to 

be welded – four per cell – to produce a 

pack that can be integrated into the car, the 

sources said. 

The 4680 battery pack only needs 830 cells 

and Tesla has changed the design so that 

there are only two weld points per cell, 

slashing the welding to 1,660 points and 

leading to significant cost savings. 

The simpler design also means there are 

fewer connectors and other components, 

which has allowed Tesla to save further on 

labor costs and machine time. 

Another source of efficiency has been the 

larger cell’s far sturdier outer case. Tesla 

can now bond the cells together with 

adhesive into a rigid honeycomb-like pack 

which is then connected directly to the 

inner body structure of the Model Y. 

This eliminates the intermediate step of 

bundling cells into larger modules which 

are then installed in a traditional battery 

pack, the sources said. 

By shifting to this “cell to vehicle” design, 

Tesla can reduce the weight of a traditional 

1,200-pound battery pack by 55 pounds 

or more – saving about $500 to $600 per 

pack, one of the sources said. 

But mastering the dry-coating technique 

remains the holy grail. 

“Bulking up the battery cell helped a lot 

in boosting efficiency, but pushing for 

50% cost savings for the cell as a whole is 

another matter,” one source said. 

“That will depend on whether Tesla can 

deploy the dry-coating process successfully 

in a factory.” 

October 

2022 

18

Türkiye’s first 

indigenous 

car flown to 

Argentina for 

winter tests 

Türkiye’s first domestically produced car 

has been transported to Argentina to 

perform winter tests, just over a month 

before its mass rollout is due to begin. 

Togg was loaded onto a Turkish Cargo plane 

at Istanbul Airport before it was flown to 

Tierra del Fuego, the southernmost and 

smallest Argentine province, to be tested 

in extreme weather conditions, according 

to a video shared by the Turkish Airlines 

subsidiary. 

It marks the latest of Togg’s many roadsafety 

performance and range/battery tests 

that have been ongoing at accredited test 

centers in different parts of the world. 

Türkiye’s Automobile Joint Venture 

Group, known as Togg, is the consortium 

developing the car. 

“We are celebrating the successful 

performance shown at international tests 

by the Togg smart device, one of the most 

ambitious projects of Türkiye,” said Turkish 

Airlines Chairperson of the Board Ahmet 

Bolat. 

“Doing our part as the national flag carrier 

with the power of being the airline that 

flies to more countries than any other in 

the world, we are proud to deliver the 

Turkish automobile and our country’s 

technology exports worldwide,” Bolat said 

in a statement. 

Turkish Airlines had helped Togg make its 

international debut as it flew the car to 

Las Vegas for the Consumer Electronics 

Show (CES), one of the world’s largest 

technology and gadget fairs, in January. 

The consortium showed off the “Transition 

Concept Smart Device,” an all-electric 

fastback concept car. 

“From the first day we set out on our 

journey, we have been acting on the 

principle of choosing our business partners 

among the best in our country and the 

world,” said Gürcan Karakaş, CEO of Togg. 

Following the “Transition Concept Smart 

Device,” Karakaş said have now undertaken 

yet another solid collaboration by 

transporting the Togg Smart Device to the 

accredited test center in Ushuaia, a resort 

town in Argentina located on the Tierra del 

Fuego archipelago and the closest point to 

the South Pole. 

“Our tests continue in various accredited 

test centers, which are the world’s leading 

ones. We stand by our word be it snow, 

winter or mud, even on the other side of 

the world if need be. We are taking firm 

steps towards our goal to launch on the 

promised date,” said Karakaş. 

Togg is due to launch mass production 

of its all-electric SUV. The SUV in the 

C-segment will hit the market in the first 

quarter of 2023 and will be the first electric 

sport utility vehicle produced in continental 

Europe by a nontraditional manufacturer. 

Togg was launched on June 25, 2018. 

President Recep Tayyip Erdoğan, in 

December 2019, unveiled prototypes for 

the SUV and a sedan, both fully electric 

and C-segment models. The brand aims 

to produce 1 million vehicles across five 

different segments by 2030. 

Togg said it would produce five different 

models, namely SUV, sedan, C-hatchback, 

B-SUV and B-MPV, through 2030. Mass 

production of the SUV will be followed by 

the sedan. 

Construction of Togg’s engineering, design 

and production facilities began in mid- 

2020. Built on an area of 1.2 million square 

meters (12.9 million square feet) in the 

Gemlik district of northwestern Bursa 

province, the facility is scheduled to be 

completed soon. 

Togg has opted for advanced lithium-ion 

battery technology company Farasis as 

its business partner for the battery. The 

homegrown car can reach 80% charge in 

under 30 minutes with fast charging. It will 

have a range of between 300 kilometers to 

500 kilometers (186 miles to 310 miles). 


Veoneer and emotion 3D recognized for 

“Most Innovative In-Cabin Perception Application” 

The AutoSens Award celebrates the best 

and brightest working at the cutting-edge 

of innovation in ADAS and autonomous 

vehicle technology. At an event in Brussels, 

Veoneer and emotion3D were honored with 

the AutoSens Award in the category Most 

Innovative In-Cabin Perception Application. 

It is a fact that a car crash impacts people 

in different ways as body factors play a role 

in accident injury severity. In fact, a female 

occupant is 73% more likely to suffer from 

serious injuries than seatbelt-wearing male 

occupants, according to the University 

of Virginia. Only when the Restraint 

Control System can distinguish between 

the occupant’s individual characteristics, 

optimal protection for everybody can be 

achieved. The Smart-RCS uses a touchless 

3D imaging sensor to derive precise realtime 

information about each occupant: 

situational factors like body position and 

body crash dynamics as well as body 

physique, age and sex so that the smart-RCS 

computes the optimal airbag deployment 

strategy tailored to each individual 

occupant. 

“We are deeply honored for receiving the 

AutoSens Award for our Smart-RCS - saving 

lives when the unthinkable happens, says 

Jacob Svanberg, CEO of Veoneer. 


Electrified, hybrid cars grab larger share in 

Türkiye as total sales fall 

Sales of electric vehicles (EVs) in Türkiye 

nearly tripled from a year ago in the first 

eight months, with their gasoline-electric 

hybrid rivals also rising, industry data 

shows, as fossil-fuel-powered cars lost 

market share and total sales dropped. 

Some 3,283 electric vehicles were sold 

from January through August, according to 

the data from the Automotive Distributors 

Association (ODD), a 174.5% increase from 

some 1,196 that were sold in the same 

period a year ago. 

Overall sales of passenger cars and light 

commercial vehicles in Türkiye slipped 8.5% 

year-over-year in the first eight months 

to 458,446 units, the data showed, amid 

soaring prices and as problems from 

logistics bottlenecks to an ongoing chip 

shortage curbed production. 

Car sales were down 9.4% from a year ago 

to 354,543 vehicles, while light commercial 

vehicles dropped 5.2% to 103,903, 

according to the ODD. 

Cars powered by gasoline and diesel are 

losing market but remain leaders. 

Some 250,401 gasoline-powered vehicles 

and 60,316 diesel cars have been sold in 

the first eight months of the year. Both 

were down from 256,815 and 80,643 

units sold in the same period last year, 

respectively. 

Hybrid vehicle sales maintained an upward 

trend and jumped 2.9% to 34,265 units in 

the January-August period, up from 33,287 

sold a year ago. 

Cars powered by gasoline and diesel 

accounted for 87.6% of the overall sales in 

the first eight months, down from 86.2% in 

the same period of 2021. 

Battery-powered and hybrid vehicles 

boosted their market shares to 0.9% and 

9.7%, up from 0.3% and 8.5%, respectively, 

the data showed. 

The share of electric and hybrid cars, which 

are becoming widespread in the world, 

remains at low levels, yet the growth in 

sales shows a soaring interest of consumers 

in the electrified market. 

This interest is expected to gain major 

momentum as Türkiye prepares to kickstart 

the mass rollout of its first domestically 

produced car. Türkiye’s Automobile Joint 

Venture Group, known as Togg, is the 

consortium developing the car. 

Togg is due to launch mass production 

of its all-electric SUV. The SUV in the 

C-segment will hit the market in the 

first quarter of 2023 and will be the first 

electric sport utility vehicle produced in 

continental Europe by a nontraditional 

manufacturer. Togg was launched on 

June 25, 2018. President Recep Tayyip 

Erdoğan, in December 2019, unveiled 

prototypes for the SUV and a sedan, both 

fully electric and C-segment models. The 

brand aims to produce 1 million vehicles 

across five different segments by 2030. 

Togg said it would produce five different 

models, namely an SUV, sedan, 

C-hatchback, B-SUV and B-MPV, through 

2030. Mass production of the SUV will be 

followed by the sedan. 


Turkish minister 

invites US 

businesses 

to invest in 

Türkiye’s tech 

start-ups 

Inviting the U.S. businesspeople to invest in 

Türkiye’s technology start-ups, the Turkish 

industry and technology minister said, 

“Türkiye has the potential to be a regional 

technology center for the U.S. companies.” 

Speaking at Türkiye Investment Conference, 

organized by the Turkish Foreign Economic 

Relations Board’s (DEIK) Türkiye-U.S. 

Business Council in New York, Mustafa 

Varank said that the world is in a difficult 

period due to the pandemic, wars, 

inflation, energy crises, unstable supply, 

and value chains. 

He added that it is necessary to insist 

on continuing public and commercial 

diplomacy to solve the problems of the 

global economy. 

Stressing that Türkiye has proven that 

it has a resilient, robust, agile, and 

flexible economy with its performance 

in the pandemic, Varank noted that, 

unlike many other manufacturers, 

Turkish manufacturers have successfully 

fulfilled their domestic and international 

commitments during the pandemic. 

Emphasizing that many multinational 

companies prefer Türkiye as a research, 

design, production, export, and logistics 

center at the intersection of Europe, Asia 

and Africa, the minister said, “Some global 

companies have already moved some of 

their operations to Türkiye, while others 

have increased their capacities. 

“The number of international companies 

doing business in Türkiye has reached 

76,000, of which 2,000 are from the U.S..” 

He said over 500 research and 

development (R&D) and innovation centers 

of international investors are located in 

Türkiye. 

Recalling that the U.S. was Türkiye’s second 

largest export market and fourth largest 

import partner last year, Varank said that 

the direct investment inflow from the U.S. 

to Türkiye increased by 45% last year to 

$14 billion (TL 257 billion), making the U.S. 

second largest investor in Türkiye. 

He said that the figures increased but far 

below potential, adding that despite all 

disagreements, Turkish President Recep 

Tayyip Erdogan and U.S. President Joe 

Biden always express their support for 

improving the business environment. 

“We believe that the new U.S. policy to 

build resilient supply chains, stimulate 

American manufacturing and foster broadbased 

growth can provide opportunities 

for both Turkish and American companies,” 

he underlined. Türkiye attracts a large 

number of investments from global actors 

with its entrepreneurial business culture, 

young and tech-savvy population, talented 

engineers and competitive environment 

and services, the minister noted. 

He said the number of “unicorns” in the 

country, which was zero in 2019, increased 

to six currently, two of which were 

“decacorn.” 

The unicorn refers to start-ups whose value 

exceeded the $1 billion level while it was 

$10 billion for a decacorn. 

Türkiye has the potential to be a regional 

technology hub for U.S. companies, he 

highlighted. 

He said Türkiye’s start-up ecosystem 

received a $1.6 billion investment last year 

and $1.4 billion in the first half of this year. 

Varank stated that in the same period, 

Istanbul was the fourth most invested city 

after London, Paris, and Berlin and ranked 

first in Europe in game-related investments. 

Calling on the U.S. firms to invest in Turkish 

technology start-ups directly or through 

venture capital funds, Varank said, “You 

should invest in Türkiye and see the 

benefits of doing business in our region by 

opening up to the whole world from there.” 


Türkiye says $250B export target reachable 

despite global headwinds 

Türkiye is aiming for $250 billion (TL 4.55 

trillion) in exports this year, Trade Minister 

Mehmet Muş said , stressing that the 

country maintains the goal despite signs 

of a global slowdown and inflationary 

pressures. Muş was speaking at the 4th 

Türkiye Export Mobilization summit. 

The event was organized by Türkiye’s 

leading media group and Daily Sabah’s 

parent company, Turkuvaz Media, in the 

southeastern province of Gaziantep. 

The minister separately wrote on Twitter 

that exports in August hit an all-time 

monthly high yet again, reaffirming the 

views that the annual target would be 

achieved even before the year-end. 

Foreign sales jumped 13.1% year-overyear 

last month to $21.3 billion, Muş 

said. Imports rose at a much faster pace, 

jumping 40.7% to $32.6 billion 

Exporters have managed to achieve record 

sales in each month so far this year and in 

22 of the last 24 months. 

The trade deficit surged by 162% to a 

record $11.3 billion in August, data from 

the Turkish Exporters Assembly (TIM) 

showed. The shortfall in the first eight 

months jumped by 146.4% to $73.4 billion, 

mainly due to rising energy import costs. 

Deteriorating global conditions, 

exacerbated by the war in Ukraine, have 

raised concerns for the rest of the year. 

Russia’s invasion of its neighbor has 

sent global commodity prices soaring, 

endangering Türkiye’s economic program 

that aims to tackle high inflation with a 

current account surplus. 

Exports had ended 2021 at $225.4 billion, 

a figure that government and economists 

expected to reach $250 billion this year. 

Muş said that they want to diversify the 

regions that Turkish businesses export to, 

focusing on North and South America and 

East Asia, not just Europe. More than half 

of Türkiye’s export is destined for Europe, 

he said, however, the uncertainty in the 

region produces obstacles. 

“Compared to the 2021 period, our exports 

to this region increased by 17.2% in the 

January-August period,” the minister said, 

but this increase “is in a moderate trend 

compared to months.” 

“The uncertainty and slowdown in Europe 

weaken demand. For example, while our 

exports to the EU increased by 17.8% in 

June compared to the previous year, the 

increase was 5.2% in July and 2.7% in 

August.” 

“We are trying to diversify the market. We 

want to focus not only on Europe but also 

on North America, then on Latin America, 

some countries in the Far East. This will 

take some time, and expectations such as 

the slowdown in the world, the uncertainty 

in Europe and whether there will be a 

power cut or not inevitably pull down 

demand.” 

“The slowing demand there is pushing 

down our exports here,” he said. 


Toyota to invest around 

$5.3B in Japan, US for 

EV battery production 

Toyota will be investing 730 

billion yen ($5.3 billion) in 

Japan and the United States 

to boost the production 

of batteries for electric 

vehicles (EV), the Japanese 

automaker said. 

Production is set to start 

between 2024 and 2026 with 

an investment intended to 

augment battery production 

capacity in both countries 

by up to 40 gigawatt hours 

(GWh). 

The carmaker will invest about 400 billion yen in Toyota plants 

and Prime Planet Energy & Solutions Co., a joint venture with 

Panasonic Holdings Corp, plant in the western Japanese city of 

Himeji. 

In the U.S., about 325 billion yen will be invested in Toyota 

Battery Manufacturing in North Carolina. 

Automakers worldwide are spending billions of dollars to ramp 

up battery and electric vehicle production in the face of tougher 

environmental regulations. Toyota has scored success with the 

Prius and other hybrid models, which have an engine as well 

as a battery-driven electric motor, and so the company has at 

times been seen as a laggard on electric vehicles. But the global 

demand for electric vehicles is expected to grow in coming years 

as gas prices rise and concerns grow about the environment. 

Japanese rival Honda Motor Co. announced with major South 

Korean battery maker LG that they were investing $4.4 billion 

in a joint venture in the United States to produce batteries for 

Honda electric vehicles in the North American market, with mass 

production of advanced lithium-ion battery cells to start by the 

end of 2025. Toyota reiterated its position that “there is more 

than one option for achieving carbon neutrality,” highlighting 

how its efforts with hybrids and fuel cells run on hydrogen can 

also be solutions. The options may depend on where a customer 

lives, according to the manufacturer, based in the city of Toyota 

in central Japan. 

“This investment is aimed at enabling Toyota to flexibly meet 

the needs of its various customers in all countries and regions 

by offering multiple powertrains and providing as many options 

as possible,” it said in a statement. Other automakers, including 

Ford Motor Co., General Motors, Hyundai-Kia, Stellantis and 

VinFast have announced plans for U.S. battery plants. A new 

U.S. law offers an incentive to build batteries in North America, 

including a tax credit of up to $7,500 that could be used to defray 

the cost of buying an electric vehicle. To qualify for the full credit, 

the electric vehicle must contain a battery built in North America 

with 40% of the metals mined or recycled on the continent.

Turkish exports hit all-time high for 

8th consecutive month 

Türkiye’s exports in August hit an all-time 

monthly high yet again, Trade Minister 

Mehmet Muş said, as the country 

achieved its annual target even before the 

year-end. 

Foreign sales jumped 13.1% year-overyear 

last month to $21.3 billion, Muş told 

a meeting in the southeastern province of 

Gaziantep. Imports rose at a much faster 

pace, jumping 40.7% to $32.6 billion, the 

ministry data showed. 

Exporters have managed to achieve 

record sales in each of the last 12 months. 

The trade deficit surged by nearly 162% 

to a record $11.3 billion in August, the 

data showed, as surging energy import 

costs continue to widen the shortfall. The 

deficit in the first eight months jumped by 

146.4% to $73.4 billion. 

Energy imports constituted some 27% of 

the total imports last month, Muş said. 

Deteriorating global conditions, 

exacerbated by the war in Ukraine, have 

raised concerns for the rest of the year. 

Russia’s invasion of its neighbor has 

sent global commodity prices soaring, 

endangering Türkiye’s economic program 

that aims to tackle high inflation with a 

current account surplus. 

Sales rose more than 18.3% year-overyear 

from January through August to 

$165.67 billion, while imports jumped 

40.7% to $239.13 billion, the data 

showed. 

Exports had ended 2021 at $225.4 billion, 

a figure that government and economists 

expected to reach $250 billion this year. 

The 12-month rolling exports topped $250 

billion as of last month. 


Toyota profit 

down in Q2 as 

chips shortage 

keeps customers 

waiting 

Toyota’s profit fell nearly 18% in the 

April-June quarter from the year before, 

as the semiconductor chip shortage that 

has slammed the auto industry dented 

production at Japan’s top automaker. 

Toyota Motor Corp. Reported a quarterly 

profit of 736.8 billion yen ($5.5 billion), 

down from 897.8 billion yen the previous 

year. 

Quarterly sales rose 7% to 8.49 trillion yen 

($63 billion). 

Toyota officials apologized to customers 

who have been waiting for their cars after 

putting in orders. Some have waited so 

long that the vehicle went through a model 

change in the meantime. 

Various problems apart from the chips 

shortage have hurt production, such as 

flooding in South Africa and pandemic 

lockdowns in Shanghai, according to the 

manufacturer based in Toyota City, central 

Japan. 

Electric vehicles, which need many chips, 

have been the worst hit by the global chips 

crunch. Rising material costs also hurt 

Toyota’s bottom line. 

The negatives offset the perks of a weaker 

Japanese yen. A cheap yen benefits 

Japanese exporters like Toyota by boosting 

the value of their overseas earnings when 

they are converted into yen. 

The favorable foreign exchange rate 

increased Toyota’s operating income for the 

quarter by 195 billion yen ($1.5 billion), the 

company said. 

Toyota sold about 2 million vehicles during 

the quarter, down from 2.1 million vehicles 

in the same period last year. 

But it kept unchanged its full fiscal year 

forecast to produce 9.7 million vehicles, 

saying output will pick up in the months 

ahead. 

Toyota posted record earnings in the last 

fiscal year through March, racking up a 2.85 

trillion-yen ($21 billion) profit, up nearly 

27% on year. 

For the fiscal year through March 2023, 

it’s forecasting a profit of 2.36 trillion yen 

($17.6 billion). The projection was revised 

upward from an earlier estimate of 2.26 

trillion yen ($16.9 billion). 

Toyota said it did not include numbers 

from its group truck maker Hino Motors 

because Hino hadn’t released a forecast. 

Hino acknowledged it had been falsifying 

emission and mileage data for 20 years 

and apologized for betraying its customers’ 

trust. It has promised to prevent a 

recurrence. 

Toyota, which makes the Prius hybrid, 

Lexus luxury models and Camry sedan, has 

been boosting electric vehicle sales as the 

world’s interest in sustainability grows. 

At times it has been accused of lagging in 

electric vehicles, partly because it’s done 

well with hybrid vehicles, like the Prius, 

which includes a gasoline engine and an 

electric motor. 

The company expects to sell 10.7 million 

vehicles worldwide in the fiscal year 

through March 2023, up from nearly 10.4 

million vehicles in the previous fiscal year. 


Togg CEO test drives prototype on Turkish highway 

Türkiye’s Automobile Joint Venture Group 

(Togg) CEO Mehmet Gürcan Karakaş was 

captured on video during a test drive of 

the company’s domestically made vehicle 

on the North Marmara Highway at night, 

Anadolu Agency (AA) reported. 

The footage, obtained during the test drive, 

showed Karakaş driving the prototype 

vehicle, at a speed of about 100 kph (62.14 

mph). 

Seen as the country’s “second automobile 

revolution” and revived by President 

Recep Tayyip Erdoğan, Togg was officially 

established on June 25, 2018. A former 

executive at tech giant Bosch, Karakaş was 

appointed Togg’s chief executive officer 

on Sept. 1, 2018. Erdoğan, on Dec. 27, 

2019, unveiled prototypes for a sport 

utility vehicle (SUV) and a sedan, both fully 

electric and C-segment models. 

A consortium of five major companies, 

Togg will produce five different models – an 

SUV, sedan, C-hatchback, B-SUV and B-MPV 

– through 2030. 


Eurotexso accelerates the 

spare parts industry with 

its 32 years of experience 

Eurotexso, a company that emerged with 

the blending of long-term feasibility, 

planning and work with experience with 

32 years of commercial history, has the 

characteristics of a brand that both benefits 

the country’s economy by investing and 

plans to continuously contribute to the 

sector with its development strategies. 

After years of vigorous effort the company 

claims, it has become known in the 

international market for supplying quality 

spare parts , has won the loyalty of its 

customers, most of them being long-term 

business partners. Explaining the future 

goals of the brand to Automotive Exports 

magazine, Eurotexso General Manager 

Cevat Aydoğdu answered the questions 

about the sector. 

Can you tell us about the foundation 

story of your brand? Which products 

do you have in your product range? 

Founded in 1987, Eurotexso is one of the 

world’s largest and most comprehensive 

suppliers of aftermarket spare parts for 

power steering systems. 

Can you tell us about your fields of 

activity? How do you work differently 

from your competitors to increase 

customer satisfaction? 

Besides offering high-quality items, 

Eurotexso claims that it has been a brand 

showing high regard for pre-and aftersales 

services to customers. The company 

supplies over 10 000 kinds of spare parts 

for steering systems: power steering oil 

seals, rack bar, bushings, bearings, sensors. 

What do you aim in your industry for 

the coming years? 

In addition to constantly upgrading product 

quality, we will expand the range of our 

products with the aim of becoming an evermore-comprehensive 

supplier of product 

to customers all over the world. 

How are you affected by the 

increasing export activities in the 

automotive sector? Does this 

momentum gained in recent years 

reflect on your exports? What are the 

regions you export to? 

Our products are marketed under the 

brand EUROTEXSO and they are highly 

popular globally especially in the Europe, 

Africa and Latin America due to the 

company’s long-help reputation for quality, 

precision, prompt delivery, large product 

range and competitive prices. 


GAYSAN, the leading manufacturer 

of gas springs in the industry 

Vedat Akdeniz, Vice General Manager 

of Gaysan, one of the main suppliers of 

the tractor and construction equipment 

manufacturers for 40 years, talked about 

the export targets of Gaysan to Automotive 

Exports magazine. 

Can you tell us about the foundation 

story of your brand? What products 

do you have in your product range? 

Gaysan, established on 1980 with 20 

people in Halic District of Istanbul, 

improved its customer portfolio with its gas 

spring production and become one of the 

leader gas spring manufacturer in Turkey 

and the world. 

Gaysan manufactures and sells products 

with over 40 years of gas spring production 

experience customer focused with its 

innovative quality solutions. 


activity? 

Gaysan manufactures gas springs for all 

industries, especially automotive, buses, 

heavy vehicles and tractors, Furniture, 

medical, marine and industry business 

with its innovative staff and R&D team 

that closely follows the developing and 

changing global technology. Gaysan, 

which is an OEM supplier of leading 

manufacturers, is a global company in its 

sector that exports its products to more 

than 70 countries. 

How do you work differently from 

your competitors to increase customer 

satisfaction? 

Gaysan’s business understanding is to 

present our products to its solution 

partners with well-designed, high quality 

and competitive prices. Our young and 

innovative team meets the needs of 

our customers all over the world, is a 

strong indicator of our dynamism. With 

our investments in technology and our 

continuous quality improvement goals, 

we ensure that our customers meet their 

satisfaction at the highest level. 

Beyond processing customer satisfaction 

surveys, etc. as points, with the 

understanding that customer satisfaction 

is about delivering quality products on 

time. We continue to increase customer 

satisfaction by producing in accordance 

with IATF 16949, ISO 9001, documents, 

and by producing and shipping these 

products in short periods of 3-4 weeks. 

The compliance of the environmental 

management system in accordance with 

ISO 14001 standards is an indicator of our 

success in creating an effective and efficient 

environmental management. With our ISO 

45001 certificate we already certify the 

importance of the environmental health. 

These are the elements that we consider 

positive in terms of customer satisfaction. 

Do you have different goals in your 

industry for the coming years? 

We are in close contact with the 

new projects of the world’s leading 

manufacturers for the automotive 

industry, which we have been working 

with for years. We are working to add 

new companies to which we are approved 

suppliers. 

Gaysan Gazli Amortisor A.S. has developed 

its product range in line with the needs of 

the automotive and other sectors and will 

continue to develop it in the future. 







Carve an out niche in the Automotive 

market with the IATF 16949 certificate we 

held, Gaysan Gazli Amortisor A.S. provides 

direct products to automotive production 

lines in 8 countries, especially in Brazil and 

Germany. As an aftermarket, it exports to 

78 countries in the world. 

Do you plan to invest in different 

areas of the automotive industry? 

We think everyone should do what they 

know best. Based on this idea, we are 

chasing how to make the gas springs better, 

how to maintain our quality. As has been 

the case for years, we prevent the market 

problems with our work on gas springs 

needs in different markets. 


Gov’t support 

gives boost to 

micro export 

More and more small and medium-sized 

enterprises (SMEs) and other businesses 

are turning to e-export after the 

government granted tax breaks of up to 50 

percent to micro exporters last year. 

E-commerce volume soared 69 percent 

to reach 400 billion Turkish Liras in 2021, 

while the number of orders placed through 

those platforms increased by 46 percent 

to 3.4 billion, according to data from the 

Trade Ministry. 

Some 92 percent of e-trade took place 

within Türkiye, while the share of e-exports 

in this ecosystem was 4 percent. 

Most of the 500,000 companies, which 

engaged in e-commerce activities, sold 

their products in marketplaces, while 

around 26,000 of them used their own 

websites. 

The Trade Ministry recently unveiled a 

scheme dubbed “distant countries strategy, 

which aims to boost Türkiye’s share in 

global trade. 

“Micro exporters can also benefit from 

what the Trade Ministry offers to regular 

exporters. The regulation introduced last 

year, which offers tax breaks, will give a 

boost to micro exporters’ businesses,” said 

Mustafa Namoğlu, CEO of ikas.com. 

Under the support mechanism, The 

Trade Ministry help companies with their 

marketing activities, opening offices and 

stores abroad, he noted. 

Micro export is the type of export that 

covers shipments of up to 300 kilograms 

and 15,000 euros in value, Namoğlu 

explained. 

Through the system called the Electronic 

Trade Customs Declaration (ETCD), the 

Trade Ministry developed facilitates for 

small and medium-sized companies to 

carry out their export activities, Namoğlu 

said. 

“Under this system, SMEs do not need 

to register with an exporters’ association 

or file customs documents with customs 

brokers. Those companies can keep their 

products at the warehouses of authorized 

ETCD firms at no additional 


Snow Lake Lithium and LG Energy Solution collaborate 

to establish lithium supply chain in North America 

Snow Lake Resources Ltd., d/b/a Snow Lake Lithium Ltd. (Nasdaq: LITM) (“Snow Lake Lithium”) has signed 

a non-binding Memorandum of Understanding (MOU) with LG Energy Solution (LGES: KRX 373220) as a 

next step towards building the domestic supply chain for the North American electric vehicle market. 

Snow Lake Lithium and LGES will 

collaborate to explore the opportunity 

to create one of Canada’s first lithium 

hydroxide processing plants in CentrePort, 

Winnipeg, Manitoba. Under the terms 

of the MOU, Snow Lake Lithium will 

supply LGES with lithium over a 10-year 

period once production starts in 2025. 

The MOU and contemplated partnership 

will be subject to a number of conditions, 

including the completion of due diligence 

from both parties. 

A scoping study, in partnership with 

Primero, is already underway to identify 

the technologies, innovations and skills 

required to deliver a world-class lithium 

hydroxide plant within the Manitoba 

Province. 

Philip Gross, CEO Snow Lake Lithium said, 

“We are delighted to collaborate with 

world-leading LG Energy Solution to build 

a rock to road battery supply chain for the 

electric vehicle market in North America. 

Both Snow Lake Lithium and LG Energy 

Solution recognise the importance of local 

sourcing of critical raw materials, such as 

lithium, and that this is the logical step for 

battery and electric vehicle manufacturers.” 

“Our all-electric lithium mine in Snow Lake 

Manitoba will power 5 million electric 

vehicles over the next 10 years, helping to 

secure the future of the North American 

automobile market. We are grateful for 

the commitment of Prime Minister Justin 

Trudeau, Premier of Manitoba, Heather 

Stefanson and Invest Canada to support 

the development of a sustainable mining 

industry in Canada which has helped to 

facilitate our partnership with LG Energy 

Solution,” added Gross. 

Youngsoo Kwon, CEO of LG Energy Solution 

said, “As we have recently announced 

our mid- to long-term strategy to focus 

on North America, the fastest growing 


EV market, these partnerships serve as a 

crucial step towards securing a stable key 

raw material supply chain in the region. By 

constantly investing in upstream suppliers 

and establishing strategic partnerships with 

major suppliers of critical minerals, LGES 

will continue to ensure the steady delivery 

of our top-quality products, thereby further 

advancing the global transition to EVs and 

ultimately to a sustainable future.” 

Snow Lake & Manitoba’s rich mining 

heritage 

Based in Manitoba, Canada, Snow Lake 

Lithium is developing the world’s first allelectric 

lithium mine to enable domestic 

supply of this critical resource to the North 

American electric vehicle industry. Snow 

Lake Lithium is ideally located to serve 

the North American automotive industry 

with access to the US rail network via 

the Artic Gateway railway, which reduces 

transportation from thousands of miles by 

road and boat to just several hundred by 

train. 

The Manitoba region has a rich history of 

mining giving Snow Lake Lithium access to 

some of the most talented and experienced 

miners in North America. 

“At a time of global energy insecurity, 

Manitoba is uniquely positioned to supply 

the critical minerals and materials the 

world needs to pursue decarbonisation,” 

said Heather Stefanson, Premier of 

Manitoba. 

“We are thrilled to see this partnership 

move forward between Snow Lake Lithium 

and LG Energy Solution to advance 

Manitoba’s leadership position in the 

North American electric vehicle supply 

chain. This collaboration is a testament 

to the execution of our government’s 

strategy to attract investment, and the 

new technologies that will help create a 

stronger, growing economy for Manitoba 

and Canada,” Stefanson stated. 

Snow Lake Lithium’s 55,000-acre site is 

expected to produce 160,000 tonnes of 6% 

lithium spodumene a year over a 10-year 

period, enough to power 5 million electric 

vehicles. Currently, Snow Lake Lithium has 

explored approximately 1% of its site and 

is confident that further exploration will 

increase estimates over the course of the 

next year. Snow Lake Lithium’s planned 

mine will be operated by almost 100% 

renewable hydroelectric power to ensure 

the most sustainable lithium manufacturing 

approach. 

Over the coming months, Snow Lake 

Lithium will continue its engineering 

evaluation and drilling programme across 

its site, with the expectation that mining 

operations, will transition to commercial 

production targeted for 2025. 

Canada – a global mining powerhouse 

With its rich minerals and metals sector 

ecosystem, Canada is globally recognised 

as a world-leader in the mining industry. 

Its commitment to producing minerals 

in the right way, both protecting the 

environment and ensuring local, 

indigenous communities’ benefit, is 

unparalleled. Canada is a natural location 

for investment in critical minerals which 

are essential to renewable energy, clean 

technology and advanced manufacturing 

supply chains. Canada is the only country 

in the Western Hemisphere that has all the 

critical minerals required for EV batteries, 

including lithium. By 2025, Canada is 

expected to rank third in the global 

production of the raw materials needed for 

electric vehicle batteries. 



50

6 months, 6K kilometers: 

Türkiye caps car sales to 

curb prices 

Türkiye is preparing to unveil a new 

regulation that will be aimed at reining 

in the surge in prices of new cars, the 

country’s trade minister announced. 

Prices of vehicles in Türkiye have been 

soaring due to persistent supply shortages 

of components, supply shortfall coupled 

with strong demand, and the depreciation 

in the Turkish lira, which makes imports 

more expensive. 

Companies, car showrooms and car rental 

companies will now have to keep the cars 

they acquire for six months and cover at 

least 6,000 kilometers before being allowed 

to sell them, Trade Minister Mehmet Muş 

told the third Turkey Export Mobilization 

summit. 

The event was organized by Türkiye’s 

leading media group and Daily Sabah’s 

parent company, Turkuvaz Media, in the 

central province of Kayseri. 

Inflation, high loan rates, supply chain 

bottlenecks and an ongoing chip shortage 

are just a few of the problems that have 

been plaguing the auto industry. 

Both consumers and the government have 

blamed car sellers for price gouging. The 

government ramped its audits to curb the 

prices and make vehicles more reachable. 

“After the first registration, companies, 

dealerships, car rental companies will 

not be able to sell the new vehicles they 

bought for six months and 6,000 kilometers 

(3728 miles),” Muş said. 

The minister said the country’s competition 

watchdog was engaged in more detailed 

inspections, looking at whether there has 

been market manipulation or common 

price setting among companies. 

Sales of passenger cars and light 

commercial vehicles in Türkiye jumped 

9.1% year-over-year in July to 52,206 units, 

according to the data from the Automotive 

Distributors Association (ODD). The 

January-July sales were down by 7.3% to 

410,110 vehicles, the data showed. 

Sales fell 4.6% year-on-year in 2021 to 

737,359 vehicles, according to the ODD. It 

followed a 61.3% year-over-year increase in 

2020 to 772,788 units, despite the fallout 

of the coronavirus pandemic. 


Öz-İş expands its export targets 

Öz-İş company, which has a wide product 

portfolio, has gained a very successful 

momentum in the production of 

automotive interior spare parts, especially 

door panels. Mustafa Öz, General Manager 

of Öz-İş brand, which has an ambitious 

product range, talked about his company’s 

future plans and export activities to 

Automotive Exports magazine. 

You have been in the automotive industry 

since 1969. Can you tell us about the story 

of your brand? 

Our company was founded by İlhan Öz in 

1969 as a family company. As the second 

generation, we expanded the domestic and 

international activities of the company. 


activity? 

Our product ranges are automotive 

interior spare parts such as door panels, 

dashboard, sunvisors, seat covers, 

headliner, floor carpets, trunk carpets, 

fabrics and upholstery products. Our main 

activity area is automotive interior spare 

parts. 

How do you work differently from 

your competitors to increase customer 

satisfaction? 

Our customers voice is important for 

us. We carefully listen their feedbacks 

and take action on product research and 

improvement. 

Do you have 

different goals in 

your industry in the 

coming years? 

Our goal is 100 percent 

customer satisfaction 

on before and after 

sales. Our target is to 

grow up 20 percent 

every upcoming year 

as financially and 

production. 







More than 25 European countries and 

United States are our main export markets. 

Especially high raw materials costs, our 

research and production team started to 

work on it to make lower raw material 

costs. Interior body components that 

we are currently focused to improve our 

product range. 


Turkish auto 

production up 

5% this 

January-July 

Türkiye’s automotive production this 

January-July rose 5% compared to the 

same period last year, according to a report 

released by the country’s Automotive 

Manufacturers Association (OSD). 

A total of 742,969 vehicles in the first seven 

months were manufactured, including 

automobiles and commercial vehicles, 

according to the new data. 

During this period, the auto industry’s 

capacity utilization rate was 66%. 

Broken down by vehicle group, the capacity 

utilization rates were 66% in light vehicles 

(cars + light commercial vehicles), 84% in 

the truck group, 33% in the bus-midibus 

group, and 62% in tractors. 

In January-July, total commercial vehicle 

production reached 308,779 units. 

The commercial vehicle market contracted 

by 3% and the light commercial vehicle 

market shrank by 5%, while the heavy 

commercial vehicle market grew 8% this 

January-July compared to the same period 

last year. 

Meanwhile, the total production of the 

sector in July was 93,659, the OSD data 

showed. 

Thus, for the first time after January, the 

total production of the sector reduced 

below 100,000 units. 

Although the automotive sector production 

performed well in July compared to the 

previous year, it fell behind the levels 

recorded this year. 

Automobile production remained at the 

level of 51,243. Automobile production 

also recorded the lowest performance 

since January. 

Compared to the previous year, the 

total automotive production was 37.4% 

automobile production increased by 41.5%. 

In July, the total market increased by 11.2% 

year-over-year to 55,324. 

The exports of the sector increased by 

16.2% annually to 59,596 units, while 

automobile exports increased by 4% to 

27,279 units. 


GM spending 

$760M to 

convert Toledo 

factory to make 

EV parts 

General Motors says it will spend $760 

million to renovate its transmission 

factory in Toledo, Ohio, so it can build 

drive lines for electric vehicles. 

It’s the first GM engine or transmission 

plant to begin the long transition from 

internal combustion engines to electric 

vehicles. The company has a goal of 

making only electric passenger vehicles 

by 2035. The move will keep the jobs of 

about 1,500 hourly and salaried workers 

at the Toledo plant, which now makes 

four transmissions used in pickup trucks 

and many other GM internal combustion 

vehicles. No new hiring is expected. 

Electric drive lines take power from the 

batteries and convert it to motion at the 

wheels. 

The 2.8 million-square-foot Toledo 

plant, built in 1956, will make drive lines 

for future electric trucks including the 

Chevrolet Silverado and GMC Sierra 

pickups, along with GMC Hummer EVs. 

The announcement at the plant is good 

news for the workers in Toledo, who have 

worried about the future of their plant. 

GM employs about 10,000 workers at 

engine and transmission factories across 

the U.S., and their futures are uncertain 

as the switch to electric vehicles picks 

up momentum. GM says the factory 

will continue to make transmissions 

for internal combustion vehicles, as it 

gradually switches to electric drive lines. 

Work on the renovation will start this 

month, with EV component production 

beginning early in 2024, Johnson said. 

GM CEO Mary Barra has pledged to 

unseat Tesla as the top seller of EVs by the 

middle of this decad. 


Ford to slash 3,000 jobs to lower 

costs as it pivots to EVs, software 

Ford Motor Co. is cutting around 3,000 

salaried and contract jobs as it attempts to 

lower costs and make the transition from 

internal combustion to electric vehicles. 

Leaders of the Dearborn, Michigan, 

automaker made the announcement in a 

companywide email, saying that 2,000 fulltime 

salaried workers would be let go along 

with another 1,000 contract workers. 

The cuts represent about 6% of the 31,000 

full-time salaried workforce in the U.S. 

and Canada. Ford’s 56,000 union factory 

workers are not affected. Some workers 

also will lose jobs in India. 

Executive Chairperson Bill Ford and CEO 

Jim Farley said in the email that Ford will 

provide benefits and significant help for the 

workers to find new jobs. 

They wrote that Ford has a chance to lead 

in the new era of connected and electric 

vehicles. 

“Building on this future requires changing 

and reshaping virtually all aspects of the 

way we have operated for more than 

a century,” the email said. “It means 

redeploying resources and addressing our 

cost structure, which is uncompetitive 

versus traditional and new companies.” 

Farley and Ford wrote that they examined 

each team’s shifting work to decide 

where cuts would be made. The company 

determined that its cost structure wasn’t 

competitive with General Motors, Stellantis 

and Tesla. It has said previously that it 

has a target of cutting $3 billion in annual 

internal combustion vehicle structural 

costs. 

“We are eliminating work, as well as 

reorganizing and simplifying functions 

throughout the business,” they wrote in 

the email. A spokesperson said the cuts 

were made across all areas of the company, 

including cuts in the large work force of 

internal combustion engineers. 

The company already has restructured in 

Europe, Asia and India. 

Farley has said repeatedly that the 

company has too many people and needs 

to trim costs so it can move faster as it 

transitions to electric vehicles. 

On the company’s earnings conference 

call in July, Farley said the company is too 

complex its costs aren’t competitive. It also 

has too many employees in some areas. 

“We have skills that don’t work anymore,” 

he said. “We have jobs that need to 

change.” 

Like other established automakers, Ford 

has a workforce largely hired to support a 

traditional combustion technology product 

lineup. Going forward, Farley has mapped 

out a strategy for Ford to develop a broad 

lineup of electric vehicles. Like Tesla, Ford 

wants to generate more revenue through 

services that depend on digital software 

and connectivity. Farley has said has too 

many versions of its internal-combustion 

vehicles. It plans to produce more models 

off the same electric vehicle underpinnings, 

spending capital on areas that affect 

customers such as software, digital displays 

and automated driving systems, Farley said. 

Ford has realigned itself into three business 

units, one for electric vehicles, another 

for commercial vehicles and the last for 

internal-combustion vehicles. 


Nissan commits 

$17.6B spending 

for electric cars 

over 5 years 

Japanese carmaker Nissan will spend 

2 trillion yen ($17.59 billion) over the 

next five years to accelerate vehicle 

electrification, the company announced, 

aiming to catch up with rivals in one of the 

fastest growth areas for the automobile 

industry. 

This is the first time Japan’s No.3 

automaker, one of the world’s first massmarket 

electric vehicle (EV) makers with 

its Leaf model more than a decade ago, is 

unveiling a comprehensive electrification 

plan. 

Nissan will be spending twice as much as 

it did in the previous 10 years for a share 

of the EV market as rivals, including Toyota 

and newer entrants such as Tesla, move 

ahead with their electric-car plans. 

Nissan said it will introduce 23 electrified 

vehicles by 2030, including 15 electric 

vehicles and wants to reduce lithium-ion 

battery costs by 65% within eight years. It 

also plans to introduce potentially gamechanging 

all solid-state batteries by March 

2029. 

Those commitments, Chief Executive 

Makoto Uchida said, would make EVs 

affordable to more drivers. 

“We will advance our effort to 

democratize electrification,” he said in 

an online presentation. Some analysts 

were unimpressed with Nissan’s plan, 

noting it was already behind rivals in the 

electrification game. 

Masayuki Otani, senior analyst at Securities 

Japan Ltd, also said auto stocks were falling 

because of market concerns about a new 

coronavirus variant and the impact it could 

have on production plans. 

“Nissan’s long term vision comes at a time 

when the market is perhaps not receptive 

to it. It can be said that it represents a huge 

increase in investment, it feels cautious,” 

he said. 

Shares of Nissan fell as much as 5.1% , 

underperforming its major rivals. They 

were down 3.8% in afternoon trading. 

Although still only a small portion of 

vehicles on the road, global electric car 

registrations in 2020 grew 41% even as the 

overall car market contracted by almost a 

sixth, according to the International Energy 

Agency (IEA). 

At the U.N. climate summit in Glasgow this 

month, major carmakers, including General 

Motors and Ford, signed a declaration that 

committed them to phase out fossil fuel 

vehicles by 2040. Nissan, however, has 

not committed to abandoning gasoline 

vehicles. It said half of its vehicles mix will 

be electrified by 2030, including EVs and its 

e-Power hybrids. 

As it readies to compete for the growing 

demand for EVs, Nissan in July pledged 

$1.4 billion with its Chinese partner 

Envision AESC to build a giant battery plant 

in Britain that will power 100,000 vehicles 

a year including a new crossover model. 

Rivals, including Toyota, which also 

declined to sign the Glasgow pledge, are 

also ramping up their battery production. 

The world’s biggest automaker by 

production volume plans to have 15 

battery electric vehicle (BEV) models 

globally by 2025 and will spend $13.5 

billion by 2030 to develop cheaper, more 

powerful EV batteries and their supply 

system. 

Toyota said it is aiming to introduce solidstate 

batteries by the mid-2020s. 

Those power packs are attractive to 

automakers because they are more energy 

dense and less prone to catching fire than 

liquid lithium-ion power packs. They are, 

however, prone to cracking and currently 

are more expensive to produce. 

Nissan said its goal is to bring the cost 

of solid-state batteries down to $75 per 

kilowatt-hour (kWh) in 2028 and further 

cut it to $65 per kWh in the future to make 

them competitive with gasoline vehicles. 


EQUIP AUTO-PARIS 2022-Shaping 

the automotive future 

EQUIP AUTO PARIS powerfully asserts 

its ambition and stance: to be the 

international benchmark event within 

the EMEA zone for aftersales and services 

relating to connected mobility, by bringing 

together the various players in the value 

chain, extended to new market entrants. 

For the first time, the two flagship events 

of the automotive sector, the exhibition 

EQUIP AUTO and the Paris Motor Show 

(MONDIAL DE L’AUTO), one a tradeshow, 

the other a consumer event, come 

together under the same banner by 

initiating Paris Automotive Week, to be 

held at Porte de Versailles from 17 to 23 

October 2022. The week of the automobile 

will revolve around a series of events, 

inspiring speaking opportunities and test 

drives. It will be a world premiere that 

brings together professionals and the 

general public, providing the automotive 

industry with the opportunity to share its 

vision for the future of automobiles and 

mobility with the French public, journalists 

and visitors from all over the world. 

EQUIP AUTO is a venue for information, 

sharing and listening. The show federates 

the automotive aftersales world in a 

convivial, enthusiastic and businessfriendlyatmosphere. 

It is an essential 

performance lever. 

Major challenges for EQUIP AUTO 

2022: CO2 reduction targets, planned 

conversion from ICE to electric energy and 

green transition. Electrification, vehicle 

connectivity, autonomy, industry 4.0, 

control over data, etc 

Special features for 2022 are: 

1. Circular economy: sustainable 

automotive (depollution, recycling, used 

parts and remanufacturing, eco-friendly 

garage, used vehicles) 2. Technological 


innovations: The garage of the future 

(Electronic maintenance, connected 

garage, mechanics and bodywork) 

3. Energy transition & Maintenance: 

Aftersales tomorrow (New powertrains: 

from OE to AM, retrofit, ethanol and 

synthetic fuels) 4. Training, Recruitment 

and Business Transmission Talks and special 

features will be happening throughout 

the 5 days of the show: 4 major European 

forums, theme-based talks and workshops, 

a demonstrator, the International Grands 

Prix for Automotive Innovation, and a gala 

evening. For 30 years, EQUIP AUTO has 

placed innovation at the centre of its 

priorities. Acknowledged as a prestigious 

accolade in many countries, these awards 

reflect an international dynamic around 

the know-how, skills and innovations of 

firms. Awarded by a panel of more than 

60 French and international journalists 

from 14 countries, the competition is 

open to all exhibitors. Special features 

for 2022 A common thread and 4 

major themes to assert the vocation 

of EQUIP AUTO, as the tradeshow for 

the downstream automotive sector A 

common thread and 4 major themes 

to assert the vocation of EQUIP AUTO, 

as the tradeshow for the downstream 

automotive sector The International 

Grands Prix for Automotive Innovation. 

EQUIP AUTO is widening its themes and 

potential to consolidate its vocation as 

an industry vertical tradeshow, with all 

the equipment, products and services for 

downstream market players (IAM, OES) 

with the technological innovations of the 

upstream. 



70

Devran manufactures 

products and trains people 

Devran Engine Bearings and Bushings 

Industry produces the products that 

many brands need, and also trains 

useful people for the country by 

investing in the education sector. 

Devran Motor Bearings and Bushings 

Industry, which has been manufacturing 

quality products for the automotive 

sector for more than 50 years, produces 

spare parts for vehicles in many different 

segments, especially automobile, light 

commercial, truck, bus, heavy commercial, 

tractor, agricultural machinery. Pointing 

out that they supply spare parts to more 

than 100 countries, mainly in Europe, Asia 

and Africa, Murat Tetikli, the company 

representative, supplied information about 

the development process of the sector and 

their own brands. 

Could you briefly introduce your 

company? How do you provide services to 

the automotive aftermarket industry? 

Devran Engine Bearings and Bushings 

Industry was founded in 1967 by our 

grandfather Mustafa Tetikli. Our company, 

which was established to serve in the 

field of automotive spare parts, still 

continues its customer satisfactionoriented 

production activities on a total 

area of 26,000 square meters, of which 

20,000 square meters part is open and 

6,000 square meters part is closed. Our 

company, which continues its production in 

accordance with ISO 9001 and IATF 16949 

quality certificates with its experience 

and quality, has taken its place among 

the priority preferences of domestic and 

foreign main industry, assembly and subindustry 

companies. 

Devran and Wildcat branded products 

mainly addresses to companies that 

manufacture products such as automobiles, 

light commercials, trucks, buses, heavy 

commercials, tractors, agricultural 

machinery, construction equipment, ships, 

railway transport vehicles, generators, 

compressors, water and oil pumps, and 

supply spare parts. Our company offers fast 

solutions with its dynamic R&D structure in 

order to respond to developing technology, 

new vehicle types and changing customer 

demands. 

Which countries and regions do you 

export to? 

Along with exporting to Europe, Asia and 

Africa continents, we supply spare parts to 

more than 100 countries together with the 


spare parts wholesalers we cooperate with. 

Thanks to the expansion of the world’s 

transportation network and internet 

networks, we connect with every point in 

the world. 

Will you have new investments? 

The investments we have made on the 

basis of technology, capacity expansion, 

and knowledge-based information for the 

engineers we work with continue rapidly in 

an integrated manner. If you want to grow, 

the basic rule is to invest in your business. 

Investing in people in the first place always 

makes us stronger. 

We would also like to know about your 

activities outside the sector. What are 

those if you have any? 

Apart from his commercial activities, 

Mustafa Tetikli has also made serious 

investments in the education sector due to 

the value he gives to raising people. Devran 

College was opened in 1998, and every day 

it educates young talents for our country, 

open to development and innovation. 

Apart from this, we also have some 

investments in the construction sector. Our 

main idea is to be quality-oriented in every 

attempt we make. 

Can you evaluate the automotive 

industry? What is the position of the 

sector in the world? Where is Turkey in 

this regard? 

The development of countries around 

the world is evaluated by looking at their 

industries. The automotive sector also 

forms the backbone of the industry. We are 

a company that sees German technology 

as a guide. At the same time, we are a 

company that does not hesitate to share 

our own knowledge and experience. Our 

country is currently in competition with 

Italy in the supply of spare parts. It is 

possible to foresee that it will leave many 

European countries behind in the next 

50 years. When we look at it in a regional 

and global sense, our country’s location 

at the center of the world, the ease of 

transportation network, the political 

distance between the east and the west in 

the recent period, made us a bridge. Our 

aim is to reach an even higher levels with 

a management style that always and fully 

support domestic production by turning 

this into an advantage. 

Is there anything that you would like to 

add and underline? 

We continue on our way under the 

leadership of Cevdet Tetikli. As the 3rd 

generation, we continue to work with 

enthusiasm. As all employees, we are 

happy to contribute to both the defense 

industry and the spare parts sector in order 

to move domestic production forward 

in accordance with the slogan of Cevdet 

Tetikli, “We are local, we are national and 

we are of high quality”. I would like to say 

that while we fully support our country’s 

recent initiatives in the automotive sector 

(TOGG), we are ready to provide all kinds 

of support if necessary. Our main goal is to 

be a productive person as a family. Quality 

is never accidental. It is always the result 

of smart efforts. The person who loves his 

country the most is the person who does 

his job best. 


73 2022

Standard Motor Products continues 

growth of Ignition Coil Program 

Standard Motor Products, Inc. (SMP) 

continues to add to its aftermarket-leading 

Ignition Coil program, which includes more 

than 800 Coils providing 99% coverage for 

import and domestic vehicles. Each Coil 

is designed to deliver improved durability 

and a longer service life. When the OE 

fails, technicians trust Standard® and Blue 

Streak® to deliver a Coil that will last. 

Standard’s Ignition Coil Program features 

a variety of coil types to fit many 

applications, including Coil on Plug, 

Electronic, Pencil, Cassette, Import, 

Blue Streak® Heavier-Duty, and Blue 

Streak® Direct Ignition Coil Kits. The 

Coils are expertly designed, engineered, 

and manufactured at SMP’s IATF 

16949-certified Poland facility. Each one 

then undergoes rigorous examination and 

product validation, including extensive 

measurement and life testing, a full range 

of environmental analysis that includes 

thermal shocks, thermal cycling, and 

vibration tests to ensure 100% product 

reliability. 

New Standard® and Standard® Import 

Coil on Plug units are now available for 

many popular vehicles, including the 

2021-20 Hyundai Sonata, 2021-20 Ford 

Escape, 2022-20 Subaru Outback, 2022- 

21 Chevrolet Trailblazer, and 2021-19 

Porsche Cayenne. Electronic Ignition 

Coils have been added for many General 

Motors vehicles through the 2021 modelyear, 

including the Cadillac CT4, CT6, 

and XT4. New applications also include 

the 2021-20 GMC Sierra and 2020-19 

Chevrolet Silverado. 

Additionally, Blue Streak® Direct Ignition 

Coil Kits have been introduced for a 

wide array gasoline and hybrid vehicles. 

These Kits include a full set of heavierduty 

units providing technicians exactly 

what they need for a complete coil 

service. Blue Streak® Heavier-Duty Coils 

are engineered to address OE flaws, 

with improvements and upgrades 

that continue to elevate Blue Streak® 

products above the competition. Over 

5.7 million Toyota and Lexus vehicles and 

nearly 8 million Ford vehicles will benefit 

from the introduction, as well as other 

popular applications including the 2017- 

09 Volkswagen Tiguan and 2018-15 Audi 

Q3. In addition, Standard® is committed 

to offering Coils for the growing hybrid 

market. Recent releases demonstrate 

this commitment, adding coverage for 

hybrid vehicles like the 2012-2010 Lexus 

HS250h. 


Lamborghini has already sold all its cars until 2024 

Italian sports car maker Lamborghini has 

already pre-sold the entire production run 

to early 2024, its boss has said, with luxury 

goods seemingly unaffected by global 

economic uncertainty. Wealthy customers 

are flocking to the brand despite the global 

financial fallout from Russia’s invasion of 

Ukraine. 

“We have more and more stepping into 

Lamborghini. Because they trust the brand, 

they see how beautiful the cars are, how 

(high) performing they are,” Winkelmann 

said. The global economy only has to “stay 

a bit stable” for that to continue, he added. 

The long order times are also the result 

of a shortage of components, particularly 

chips needed for new electric models. 

Lamborghini is planning a hybrid version 

of each of its models by 2024 and the first 

fully electric Lamborghini in the second 

half of the decade. 

Lamborghini in early August reported the 

best half-year in its history with record 

sales and profits. The carmaker’s operating 

margin reached 32 percent, while 

operating profit jumped to 425 million 

euros on 5,090 cars sold. 

Fellow luxury carmaker Ferrari also posted 

record results in the second quarter and 

raised its annual forecast, with orders at 

record levels. 

In late July, the world’s top luxury 

consumer goods group LVMH also reported 

a jump in sales and profits in the first half 

of the year despite the uncertain economic 

environment. 


Turkish Central 

Bank takes 

steps for credit 

availability, 

financial stability 

The Central Bank of the Republic of Türkiye 

(CBRT) announced new macroprudential 

measures to address loan growth and the 

interest rates applied in commercial loans, 

facilitating the real sector’s availability of 

loans. The move aims to support financial 

stability and strengthen the monetary 

transmission mechanism, the bank said in a 

statement, citing the recent increase in the 

spread between its policy rate and the loan 

interest rate. Accordingly, the lenders will 

have to maintain treasury bonds depending 

on the coefficient on the interest rates in 

the commercial loans they will give. 

“The reserve requirement maintenance 

being applied at a ratio of 20% will be 

replaced by maintenance of securities at 

30% for banks to enhance the efficiency of 

the practice,” it said. 

“For commercial loans, 20% of the loan 

amount to be extended at an annual 

compound interest rate 1.4 times higher 

than the CBRT-released annual compound 

reference rate,” read the statement. 

If the loan interest rate is 1.8 times or more 

than the reference rate, the facility rate 

will be applied as 90%, it said. The bank 

unexpectedly lowered its interest rate by 

100 basis points to 13% from 14%. 

The CBRT delivered a series of cuts last 

year, slashing rates by 5 percentage points 

before pausing the easing cycle in January. 

In a statement accompanying the latest 

decision, the bank said the cut was aimed 

at driving economic growth and sustaining 

employment amid growing geopolitical risk. 

It added that rising loan rates have 

diminished the effectiveness of the 

monetary policy. Head of the Ankara 

Chamber of Commerce (ATO) Gürsel Baran 

said that with the measures taken by the 

central bank following the interest rate cut, 

the commercial loan interest rates were 

limited to not exceed 30%. 

“The decisions taken by our central bank 

and the measures it has published are 

indications that the voice of the real 

sector is heard,” he said, noting that these 

measures are welcomed by ATO members. 

He pointed out that the interest rates 

applied to commercial loans exceeding 45% 

and the inability to access credits limited 

the mobility of the real sector. 

“In this period when the global economy 

is dealing with many risks, new investment 

and production opportunities are emerging 

for our real sector,” Baran went on to 

say, noting that the business world needs 

support in order to make use of these 

opportunities. 

“With these measures, commercial interest 

rates are aligned with the policy rate of the 

central bank,” he said, and thus, the policy 

envisaging rise in investment, production, 

employment and exports is supported. 


Turkish economy grew 7.6 

percent in second quarter 

The GDP growth accelerated from 7.3 

percent in the first quarter of 2022 to 7.6 

percent in the April-June period, data from 

the Turkish Statistical Institute (TÜİK) have 

showed. 

On a seasonally and calendar adjusted 

basis, the economy grew 2.1 percent in the 

second quarter from January-March, up 

from the quarterly growth of 0.7 percent 

recorded in the previous quarter. 

“We did not only achieve a robust growth 

performance in the second quarter growth 

but also the balanced growth continued 

for the fifth quarter in a row,” said Treasury 

and Finance Minister Nureddin Nebati, 

hailing the latest GDP data. 

He noted that the 7.6 percent is the 

second highest among all OECD and G-20 

economies which released their second 

quarter data. 

“The gains made based on the Türkiye 

Economic Model, which prioritizes growth 

and employment and supports production 

and exports will continue for the remainder 

of the year. The trademark of our economy 

is now sustainable and employmentfocused 

growth,” Nebati wrote on Twitter. 

The strong annual growth in machinery and 

equipment investments over the past two 

and a half years continued in the second 

quarter, rising 17.8 percent, the minister 

stressed. “We welcome this as it means the 

expansion of our production capacity,” he 

said. 

According to data from TÜİK, the industry 

sector grew by 7.8 percent year-on-year, 

easing from the 8.2 percent growth in the 

first quarter with manufacturing output 

growing 9.1 percent, up from 8 percent. 

The services sector, which grew 15.4 

percent in the first quarter, expanded 18.1 

percent in April-June, while real estate 

activities rose 4.1 percent in the second 

quarter, accelerating from the 3.8 percent 

expansion in January-March. 

The contraction in agriculture deepened 

in the second quarter with the decline in 

the sector’s output quickening from 1.5 

percent in the first quarter to 2.9 percent in 

the second quarter. The construction sector 

also contracted by 10.9 percent year-onyear, 

which came on top of the 7.7 percent 

drop in the industry’s output in the first 

quarter. 

The financial and insurance sector grew by 

26.6 percent after expanding 25.7 percent. 

Households’ final consumption increased 

by 22.5 percent in the second quarter, 

gathering pace from the 21.5 percent rise 

in the first quarter. The share of household 

consumption in the GDP, however, declined 

from 58.5 percent in the first quarter to 

57.4 percent. 

Government final expenditures, which rose 

by 3.1 percent year-on-year in the January- 

March period, grew by 2.3 percent in the 

second quarter. 

The growth in gross fixed capital formation 

accelerated from 4.2 percent to 4.7 

percent. 

The country’s export of goods and services 

increased by 16.4 percent, up from 14.8 

percent in the first quarter, while imports, 

which were up 2.2 percent, rose by 5.8 

percent, TÜİK said. 

At current prices, The GDP reached 3.4 

trillion Turkish Liras or $219 billion in the 

second quarter of 2022. 

The share of compensation of employees in 

gross value added fell from 31.2 percent in 

the second quarter to 25.4 percent, while 

the share of net operating surplus/mixed 

income increased from 47.6 percent to 54 

percent. 


Everrati 

launches 

Everrati 

advanced 

technologies 

Everrati Advanced Technologies (“EAT”) 

draws upon Everrati’s unique combination 

of engineering experience; amassed 

from more than 50 years of collective 

expertise working within automotive 

OEMs. Utilising proven Everrati automotive 

EV propulsion system platforms as a 

starting point, EAT provides consultation 

on a suite of electrification solutions for 

commercial clients, from initial concept, 

analysis services and feasibility study to 

complete turnkey EV powertrain provision. 

In addition, EAT will provide software and 

IP development for bespoke customer 

requirements. 

Initially focused on the low-volume 

specialist and luxury vehicle sector, EAT will 

provide design, development, engineering, 

and production consultancy services, 

enabling customers to create almost any 

bespoke EV powertrain solution they 

desire. Whether a redefined version of an 

existing vehicle or an entirely new electric 

propulsion system application. 

Over the last three years, Everrati has 

developed sector-leading technology, 

designing, and developing a range of 

class-leading EV platforms for its portfolio 

of redefined automotive icons. This highly 

flexible propulsion system enables the 

powertrain to be mounted in the front, 

middle or rear of the vehicle, with drive 

sent to any combination of wheels. 

Everrati’s OEM-derived product delivery 

process and approach to development and 

testing can be applied to almost any type of 

vehicle, it allows EAT’s customers to create 

almost any configuration of luxury EV and 

accelerate delivery times 

EAT applies Everrati’s own industrystandard 

and proven product delivery 

model to seamlessly match customer 

requirements and delivery processes. 

Experience in delivery to multiple global 

territories allows EAT to work with 

customers to ensure their product complies 

with local market regulatory & legislative 

standards. EAT also expects to achieve ISO 

9001 and ISO 14001 accreditation in 2023. 

Sector-leading technology and quality 

expertise is further backed up by Everrati’s 


proven integration and applications 

experience of DC fast charging, battery 

design and packaging, functional safety, 

vehicle systems integration and user 

interface development. 

Finally, the company has developed 

strategic partnerships with leading Tier 

1 suppliers, across battery, inverter and 

e-motor technologies, with EAT bringing 

together the very best in EV components, 

alongside Everrati’s own innovations, under 

one roof. 

The division will support increasing 

demand for consultancy services and 

electrification solutions from other luxury 

sectors including marine and aerospace. 

Everrati’s flagship model, the upcoming 

GT40, represents the pinnacle of redefined 

performance EV icons. Featuring 800bhp 

Helix e-motors, a 700-volt architecture, 

plus high power density batteries and 

class leading discharge rates with 150kW 

charging capability; the GT40 brings OEM 

levels of technology and performance to 

the sector that EAT customers will now be 

able to draw on for their own projects. 

Everrati also announces further 

strengthening of its senior team with 

Ian Fenton joining as a member of the 

Advisory Board to develop its international 

footprint. Bringing 30 years of international 

experience in the motor industry, Ian has 

held senior/c-suite roles in Ford of Europe, 

Ford Motor China, Mazda JV, Jaguar Land 

Rover, Aston Martin Lagonda Plc and Aston 

Martin Works Ltd. 

Everrati Founder and CEO, Justin Lunny, 

said: “We are delighted to launch Everrati 

Advanced Technologies – a new division of 

Everrati dedicated to specialist and luxury 

low volume electric vehicle design and 

manufacture for third party customers. 

“Everrati’s reputation is built on our 

own OEM-grade proprietary EV platform 

technology combined with the skills 

of our team – many of whom have 

held senior engineering positions at 

leading automotive brands. This unique 

combination has quickly driven global 

demand for our products, which set new 

standards in the sector. We are now 

delighted to offer the same levels of 

expertise to specialist and luxury vehicle 

brands to support our commercial clients’ 

electric ambitions. 

“These customers range from start-ups to 

established brands, and all share similar 

needs: the very latest in cutting-edge, 

OEM-grade, flexible electrification solutions 

that will enable them to go zero-emission 

without delay. It is critical that every brand 

moves to EVs to meet incoming emissions 

rules globally. With the support of Everrati’s 

engineering and development skills, allied 

to our proprietary EV platform technology 

and strategic partnerships with leading 

Tier 1 component manufacturers, Everrati 

Advanced Technologies will provide 

specialist and luxury vehicle customers 

with any level of electrification support, 

from concept to complete turnkey vehicle 

solution. 

“I am also honoured to welcome Ian 

Fenton to our senior team. Ian’s highly 

relevant and deep experience, gleaned 

from many director positions with leading 

OEMs, will be invaluable to both Everrati 

and Everrati Advanced Technologies, 

further strengthening our offering to all 

customers.” 

With multiple projects already in place with 

start-ups and established luxury brands, 

Everrati Advanced Technologies has already 

begun development work on a number of 

customer electrification projects, details 

of which will be announced in the coming 

months. 



86

Businesses 

should not 

worry about 

sanctions 

Businesses in Türkiye should not be 

concerned by the threat of sanctions, 

Treasury and Finance Minister Nureddin 

Nebati said on Aug. 26. 

“The letter should not cause concern in 

our business circles. Türkiye is one of the 

most important political and economic 

power centers in the world,” Nebati wrote 

on Twitter, referring to the letter the U.S. 

Treasury issued to warn against violating 

the sanctions imposed on Russia. 

It is important for Türkiye to cooperate and 

work together with its allies against the 

global and regional challenges, he added. 

“We are also determined to develop 

commercial relations with our neighbors 

in various sectors – especially tourism – 

within a framework that is not subject to 

sanctions... We are pleased to see that the 

United States, our ally and trade partner, 

is inviting its businesses to invest in our 

economy,” Nebati said. 

All actors in the Turkish economy are 

committed to principles of free market and 

try to have a larger share in global trade, 

the minister said. 

The Turkish Industry and Business 

Association (TÜSİAD), on Aug. 23, 

confirmed that it received a letter from U.S. 

Treasury Deputy Secretary Wally Adeyemo 

cautioning that Turkish companies risked 

consequences if they did business with 

Russians or Russian institutions that were 

under U.S. sanctions. 

Türkiye will not allow any person or 

institution to violate sanctions imposed 

on Russia over the invasion of Ukraine, 

a senior Turkish official told his United 

States counterpart. Deputy Treasury and 

Finance Minister Yunus Elitaş spoke on the 

phone with U.S. Deputy Treasury Secretary 

Wally Adeyemo on the implementation of 

sanctions against Russia. Elitaş underlined 

the fact that Türkiye has deep economic 

and political ties with both Ukraine and 

Russia, saying Ankara’s stance on the 

sanctions has not changed, meaning it 

won’t join unilateral sanctions. But he 

also assured his counterpart that the 

government would not allow any person or 

institution to violate sanctions on Russia. 

Türkiye to launch new buses powered 

by indigenous charging system 

Anew domestically developed electric bus 

is due to hit the roads in Türkiye’s Samsun 

province, the latest in the efforts to curb 

carbon emissions and achieve savings. 

Manufactured jointly by prominent 

electronics company Aselsan and TEMSAN, 

an electromechanical firm affiliated with 

the Energy and Natural Resources Ministry, 

the vehicles will transport their first 

passengers during a major upcoming event 

in the northern city. Charged in as little as 

15 minutes, the buses will run on lithium 

batteries with Türkiye’s first domestic ultracharging 

system. They will be responsible 

for the transportation of visitors on the 

sidelines of Teknofest, Türkiye’s largest 

aerospace and technology event, set to be 

held in Samsun from Aug. 30 through Sept. 

4. The Black Sea province is known for its 

congested traffic. Samsun Municipality 

Mayor Mustafa Demir says the city is 

among provinces where public transport 

proves to be crucial. 

“Although we built the rail system, 

we could not provide the necessary 

comfort in the city, especially in public 

transportation. The rail system currently 

operates on a single line. So our trams 

are running at full capacity. We cannot 

increase the number of trams,” Demir 

said. 

“We are thus putting forth electric buses 

in accordance with the transportation 

master plan we prepared.” 

“For the first time in Turkey, electric 

buses that run on lithium batteries with 

a domestic ultra-charging system will be 

used in Samsun. The test drives have been 

completed, and we are commissioning 

them together with Teknofest,” the mayor 

added. 

The vehicle can travel 80 kilometers (50 

miles) with a 15-minute charge. 

“We could have had it going 300-400 

kilometers by changing the battery 

system, but when we made a cost 

calculation, we decided that these buses 

are the most optimal,” said Demir. 


Turkish auto industry seeks new 

markets to curb Europe sales drop 

Turkey’s automotive industry, which makes 

some 80% of its exports to Europe, is now 

in search of alternative markets as sales to 

the region begin to drop and are projected 

to decrease even more. 

The semiconductor crisis and the supply 

problems have been continuing to 

negatively impact the car industry. A loss 

of 2.6 million units was seen in global 

production in the first six months of the 

year. 

Meanwhile, the loss is expected to reach 

3.5 million units towards the end of the 

year. 

The rise in raw material prices as well 

as the record high inflation has been 

worsening the impact of already existing 

problems in the sector’s sales. 

The global auto sales estimations for 2022 

were reduced to 84.3 million units from 

89.3 million units. The sales in Europe are 

showing a particular downward trend as 

the European consumer is postponing 

demand for cars due to the rising inflation. 

Turkey’s automotive sales to major 

markets, namely Germany, the United 

Kingdom, France, Italy and Spain dropped 

between 11% to 20%. 

The sales estimations for the European 

market, which was 14 million units before, 

have revised to 12.2 million units. 

Automotive Industry Association (OSD) 

head Cengiz Eroldu, who said that it is 

necessary to diversify export markets, said: 

“While there was a 13% contraction in 

demand in Europe in the first six months, 

it was 15.4% in June. In addition, inflation 

in Europe continues to increase. There 

is also the uneasiness brought about by 

the Russia-Ukraine war. Expectations of 

interest rate hikes are among the issues 

that will reduce demand.” 

He said that there is a possibility that the 

demand in Europe will go down even more. 

“That’s why we need to go for new market 

diversifications.” 

Eroldu also touched upon the “Distance 

Countries Strategy” program announced 

by the Trade Ministry and said, “Critical 

free trade agreements (FTA) should be 

accelerated. Supportive policies should be 

implemented to enter new markets.” 

Eroldu added that the domestic market 

can also be used effectively against the 

contraction in exports. 

The Trade Ministry announced that the 

FTAs of Lebanon, Sudan and Qatar will 

enter into force after the completion of the 

internal approval processes. While Georgia 

and Malaysia agreements are about to be 

concluded, deals with Moldova and North 

Macedonia are about to start. The ministry 

is conducting FTA negotiations with more 

than 17 countries. 

Commenting on the first six-month results 

of the auto industry, Eroldu said that the 

rate of locality in total vehicles is at the 

level of 45%. 

“One of every two vehicles sold in Turkey 

is domestic production. This is something 

that is not available in many countries in 

Europe.” 

The Turkish automotive industry had a 

foreign trade surplus of approximately $9.5 

billion in 2021. In the first six months of 

2022, this figure stood at $4.5 billion (TL 

80.27 billion). A foreign trade surplus of 

around $9 billion-10 billion is expected at 

the end of the year. 

Turkey’s car exports neared $4.6 billion in 

the January-June period as the country sold 

vehicles to 97 countries. 

France, Turkey’s second main market in 

the automotive sector, topped the list of 

countries in the country’s car exports. 

In the first half of the year, exports to 

France decreased by 30% to $659 million 

compared to the same period last year. 

The second country in Turkey’s passenger 

car exports was the United Kingdom. 

In the January-June period of last year, 

$395 million worth of passenger cars were 

sold, while the figure reached $522.78 

million in the same period this year. 

Passenger car exports to Spain, which ranks 

third, increased from $405.86 million to 

$456.7 million. 

Turkey’s exports to France, the U.K. and 

Spain accounted for 35.7% of the country’s 

total passenger car exports in the January- 

June period, while Italy and Germany 

ranked fourth and fifth, respectively. 

Meanwhile, automotive production in 

Turkey grew 1.5% year-over-year in the 

first half of 2022, according to new data 

released. 

Automakers in Turkey manufactured 

649,311 vehicles in January-June, including 

automobiles and commercial vehicles, read 

a report by the Automotive Manufacturers 

Association. 

Some 72% of all vehicles manufactured 

were exported, a 1.2% annual rise to 

466,995 units. 

Turkey generated $15.5 billion from vehicle 

exports in the six-month period, up 53% 

from a year ago. 

The country’s overall auto sales market 

shrank by 8.8% on an annual basis to 

375,683 units in January-June, the report 

said. 

Passenger car production fell 8% to 

382,947 units in the same period. 

In June, Turkey’s automotive makers 

manufactured 135,424 vehicles, a 26.3% 

surge from a year ago. 

Top international automakers – including 

Ford, Honda, Hyundai, Mercedes, Renault 

and Toyota – have factories in Turkey, 

which is one of the world’s top auto sales 

markets. 


The PI Group and Averna 

announce their partnership 

This alliance shall develop innovative 

automation solutions for high-quality 

product manufacturing. 

Physik Instrumente (PI), an international 

group of companies focusing on highprecision 

motion and positioning 

solutions, and Averna, the leading 

global test & quality solutions provider, 

announced today that they have formed 

a new partnership. By combining the 

competencies of both companies 

advanced automation solutions can be 

delivered to meet the growing need for 

flexible, scalable, and high-throughput 

manufacturing and test equipment. 

“We are very excited to begin this 

partnership,” explains Niels Davidts, Vice 

President of Europe at Averna. “Having 

worked with PI products in the past, we 

understand the power of what they offer. 

They are unique in what they do, and we 

know how to make them work best for our 

clients. A closer partnership will open a lot 

of opportunities for both parties.” 

Scott Jordan, long-standing photonics 

expert and business developer at PI 

emphasizes: “Working with Averna has 

been very rewarding. We have always been 

impressed with the systems they design 

for test, quality, and precision assembly. 

Combined our knowledge with Averna’s 

skills, we can now approach customer 

challenges in ways that have never been 

done before.” 

With significant overlap in several 

markets including industrial automation, 

automotive, consumer electronics, 

communications, and life sciences, PI and 

Averna offer each other extensive expertise 

in different areas of focus. Their goal is to 

expand each offering to their clients by 

integrating PI’s unique precision positioning 

and micro-robotics systems into Averna’s 

customized quality and assembly turnkey 

solutions. To date, they have delivered 

numerous joint projects, improving results 

for a variety of applications including 

camera & projector assembly, laser 

alignment, fiber alignment and optical 

wafer scanning. 

With over 70+ years of combined 

experience, almost 2000 specialists and 

multiple offices located worldwide, PI and 

Averna are available to support their clients 

through multiple disciplines and time 

zones. 


Maserati unveils 

its electric 

GranTurismo 

Folgore sports car 

Maserati has unveiled the GranTurismo 

Folgore, one of three versions of the 

maker’s new all-wheel drive four-seater 

introduced for 2023. At the same event, 

Maserati also introduced the Modena (490 

horsepower on a 3.0 liter V6 Nettuno twin 

turbo) and the high-performance Trofeo 

variant with the same engine boosted up 

to 550 horsepower. A Maserati executive 

described the electric GT as “the same 

body wearing a different suit” to illustrate 

the relationship between the new models. 

Earlier this year, Stellantis-owned Maserati 

announced its first EV, the Grecale 

Folgore. While the Grecale Folgore isn’t 

expected until 2023, Maserati is wasting 

no time filling out its EV roster with the 

introduction of GranTurismo Folgore, the 

next electrified model to join the Folgore 

electric lineup. 

The Folgore GT (which is Italian for 

“lightning”) will electrify the revived 

GranTurismo line with an 800-volt batteryelectric 

system. The 92.5 kWh battery 

powers a three-motor setup that sends a 

combined 760 horsepower to the wheels. 

The battery pack resides in a T-bone shape 

along the bottom of the vehicle, unlike the 

familiar skateboard layout seen in other 

EVs. This gives the all-wheel drive car a low 

center of gravity but allows it to maintain 

a sports car design. It also lets the car sit 

low with an overall maximum height of 

53.2 inches, a rarity for battery-powered 

vehicles. 

The battery will provide 280 miles of 

range and is fast-charging (up to 270 kW) 

compatible, adding a claimed 60 miles of 

charge in 5 minutes in ideal conditions. 

The Folgore is the fastest of the three new 

GTs, but at 4,982 pounds also the heaviest. 

(The battery alone accounts for 1,300 of 

those pounds.) Nevertheless, Maserati 

claims the Folgore GT will be the fastest 

all-electric luxury option with 2.7-second 

acceleration to reach 60 mph and 8.8 

seconds to 120 mph. The top speed is 

nearly 200 mph. 

The most similar EV is the Porsche Taycan 

with a 225-mile range on a similarly sized 

battery. The Taycan sits taller and only 

reaches 482 horsepower but weighs close 

to the same as the GranTurismo Folgore. 

The 4S version takes 3.8 seconds to get 

to 60 mph. The “Vehicle Domain Control 

Module” brings four driving modes: Max 

Range (for the Folgore) or Comfort, GT, 

Sport and the sportiest Corsa. The VDCM is 

essentially the car’s brain and controls the 

energy, torque and vertical dynamics. 

Different regeneration modes will be 

employed to recuperate energy while 

driving. 


Motor Aşin showed up at Frankfurt Automechanika 

brand, our motto is already ‘we are near 

you’. Especially with the pandemic, we felt 

the need to spread the culture we learned 

in the domestic market to export channels. 

Once we were passive sellers. Customers 

would come and find us. This is based upon 

the value of both ourselves and the brands 

we represent. However, the changing 

dynamics pushed us to be in those markets 

with more active marketing strategies. 

We made a good structuring in our export 

department related to this. We switched to 

a system where each region is responsible 

for itself and we started to gain from this 

system. Especially with the Ukraine-Russia 

crisis, we were excited to be a market 

where Russian and Ukrainian customers 

showed interest. Africa and then South 

America are our target markets. Eastern 

Europe is a valuable region for us and we 

are also working on it. 

Motor Aşin, which is one of the important 

brands of the spare parts and after-sales 

sector in the automotive and commercial 

vehicle market in our country, appeared at 

the Automechanika Frankfurt fair that was 

held in Germany in September. Saim Aşcı, 

CEO of Motor Aşin, underlining that they 

had participated in Automechanika Dubai 

and Moscow fairs before, said that they 

wanted to meet with industry partners and 

carry the difference of Motor Aşin, which is 

a Turkish brand, to Europe. 

First of all, can you give brief 

information about Motor Aşin? 

Motor Aşin is a 50-year-old family company 

that was founded by my father and uncle. 

Our first establishment was in Elazığ. 

Afterwards, we continued to wholesale, 

import and export, and we have come 

this far. We are currently the distributor 

of more than 200 premium brands in 7 

different locations with our more than 

300 employees. We have more than 4000 

domestic at home and we have hundreds 

of customers in more than 70 countries 

which we do export activities. 

Which ones are more effective when 

we look at the potential of the 

countries you export to? 

While our relations with neighboring 

countries come to the fore, the Turkic 

Republics, Far East and Europe are among 

the leading export markets for us. We, as 

both a brand and a country, have more 

capacity and intensive work for these 

areas. The production capabilities, logistics 

and other factors are very important here. 

Are there new target markets? 

We evaluate the event from two aspects 

as internal and external dynamics. We 

aim to increase our closeness with our 

customers by further strengthening the 

branching logic within ourselves. As a 

What are your goals as a brand in the 

next period? 

We are making our customers feel our 

closeness with the visits we make and will 

make in their own countries with our wellknown 

brand awareness by expanding our 

staff. We are aiming to increase our export 

rate, which is currently 20%, to 40%. 

We are continuing to work to achieve these 

goals within our 3-year strategic planning. 

We will do everything we need to do on 

both the back of house and front of house. 

Turkey, as a country, is a major 

market for the automotive supply 

industry. If we need to evaluate what 

has happened in terms of the sector 

recently, how does the world see us as 

a country? 

The geopolitical point where our country 

is located is really valuable. When we 

evaluate our richness in both knowhow 

and qualified personnel together, 

we can bring the country’s position to a 

much better place in the sector by being 

managed by a superior mind very well. 

When we look at the sector so far, the 

conventional, that is, the old traditional 

automotive market, has moved towards 

another point by digitizing itself. There 

is a transition period here. In tradition, 

we, as the main manufacturer or as the 

patent holder, have a somewhat delayed 


structure. That we do not have an engine 

of our own can be given as an example of 

this. We needed to catch a development 

point right at this time for change, and we 

caught it with TOGG. The important thing 

is to be able to export and produce with 

added value. Being able to expand with 

technological products supports us in this 

regard. We can easily see where our brand 

value has reached in the breakthroughs 

made in the Defense Industry. I am sure 

that our own national project will gain 

a respectable place in the world both 

in terms of technology and qualified 

personnel. These are very valuable and 

important. When a good team with 

qualified personnel emerges against all 

these transformations and evolutions, it 

will bring great benefits to the country 

in academic and commercial terms due 

to location that we are advantageous 

geopolitically. 

We must come out of the position of 

a country that realizes its production 

capabilities under the moderation of 

others. We are evolving to this point. 

Because there is no certain know-how 

before, you have to make that partnership. 

However, after obtaining a certain 

knowledge and experience, we must reveal 

a value of our own. With this perspective, 

TOGG is very valuable. It is a formation that 

moves within itself and with its own design. 

Although it finds its solution partner from 

abroad, it is very valuable that it is master 

mind and it itself manage. 


99 2022

Weak euro 

taking a toll 

on Türkiye’s 

exporters 

With the euro falling against the U.S. dollar, 

some exporting industries in Türkiye are 

bearing the brunt as they pay for imports in 

dollars but collect export revenues mostly 

in euros. 

The euro fell below parity with the dollar, 

diving to its lowest level in 20 years. 

The textile sector, whose export revenues 

amounted to $21.5 billion in the past 

year, pays for cotton it imports in the 

U.S. dollar, but some 70 percent of the 

industry’s exports go to Europe. Another 

sector affected by the euro-dollar parity is 

the fisheries sector, which sells most of its 

products to the continent. 

The textile sector already had problems 

accessing financing, and now on top of that 

came the weakening of the euro, which 

erodes the revenues of the companies 

in the industry, said Burak Sertbaş, the 

chair of the Aegean Apparel Exporters’ 

Association (EHİB). 

“Inputs used in the sector are paid in the 

dollar, but export revenues in euro. Prices 

of exported products also depressed due 

to the expectations regarding the global 

recession,” Sertbaş explained, warning 

that the industry’s exports may come to a 

halt and even decline in the second half of 

2022. 

The apparel and ready-wear clothing 

sector’s exports rose by 3 percent in terms 

of the euro from 118 million euros to 122 

million euros in July, but in terms of the 

dollar, they fell by 11 percent from $140 

million to $125 million, he said. “Probably 

this trend will continue in coming months.” 

Some European nations import goods from 

Asia, making payments in the dollar, and 

amid the weakening of the euro against the 

dollar, some European importers may turn 

to Türkiye, he added. “If this happens, it 

can make up for some of our losses.” 

The situation is no different in the 

aquaculture sector. Export revenues of the 

sector increased by 33.5 percent in terms 

of euro, but the rise was only 20 percent in 

terms of the dollar. 

Companies operating in the industry pay 

for most of the inputs in the dollar, said 

Bedri Girit from the Aegean Fisheries and 

Animal Products Exporters’ Association. 

Some seven of the industry’s top 10 export 

markets are in Europe, he noted, stressing 

that companies are losing money due to 

the weaker euro. 

In July, Türkiye’s exports increased more 

than 13 percent to $18.6 billion, according 

to the latest data from the Trade Ministry. 

Among the top five export markets were 

Germany at $1.5 billion and Italy at $844 

million. 

Last month, exports to the European 

Union rose by 5.2 percent to $7.4 billion, 

accounting for nearly 40 percent of all 

exports. Exports to the bloc increased from 

$51 billion in January-July last year to $60.7 

billion in the same period of 2022, which 

corresponded to 42 percent of Türkiye’s 

total export revenues. 


Electric Thinking 

for Today and 

Tomorrow 

On its return to Automechanika, Gates selected ‘Electric Thinking’ as a key theme for its show stand. 

This theme supports Gates’ belief that to manage a successful transition into vehicle electrification, 

automotive repair workshops will need relevant products and technologies. 

A short film, premiering at the show, 

illustrates Gates’ commitment to 

innovation by developing new solutions for 

the next generation of automobiles. The 

story focuses on Senteret, a family- owned 

garage based in Norway - a country that is 

leading the drive towards a more complete 

Electric Vehicle (EV) parc. 

“We want parts distributors to know that 

we will be doing everything we can to help 

them inspire their garage customers as 

they adapt to the new opportunities that 

electrification can deliver,” said Steven 

Zimmer, VP Automotive Aftermarket, 

Gates EMEA. “We are extending our 

product ranges, introducing new ones, and 

developing specialist technical support 

networks to help get them charged-up and 

ready for an electric future.” 

Successful Original Equipment (OE) 

collaborations have enabled Gates to 

develop aftermarket parts programmes 

for Hybrids and EVs. When it comes to 

new powertrain systems and technologies, 

Gates is at the forefront of vehicle systems 

design and the development of dynamic 

systems capabilities. 

“We develop and manufacture parts. We 

understand the market. Such expertise 

allows us to set standards for quality 

and reliability in the aftermarket, which 

represents a significant part of our 

business,” highlights Steven. EV batteries 

require precise temperature control via the 

thermal management system. Moreover, 

the materials used in these thermal 

management hoses are evolving to include 

thermoplastic designs for weight savings, 

greater flexibility, and easier installation. 

The Gates E-CoolTM range of Electric Water 

Pumps is designed to meet or exceed OE 

specifications. The Gates range of OEexact 

Modular Coolant Hose assemblies 

for EVs and Hybrids include any standard 

fit sensors, OE-exact connectors and are 

made from the same materials as the OE 

products they are designed to replace. 

“We also supply Electric PowerSteering 

belts, Electric Parking Brake belts and 

have additional plans to add replacement 

parts for EV HVAC systems. For Hybrids, 

we recently announced extensions to the 

E-StartTM range as well,” says Steven. 

Each E-Start Kit part number includes an 

E-StartTM Micro-V Belt plus the related 

E-StartTM Micro- V Belt Tensioner and 

any Idlers needed for specific applications. 

Gates’ customers will be excited by the 

latest extension, which includes popular 

models such as the Audi A4 2.0 Mild Hybrid 

and the Audi Q5 Quattro 2.0 Mild Hybrid. 

Casper Haenbeukers, VP, Global Engine 

Systems Powertrain Engineering, said that 

it was the launch of the E-StartTM range 

that helped build the association of Gates 

belts and kits with a wide range of Hybrid 

vehicles. However, he states Gates will 

continue to develop and support the legacy 

products for the Internal Combustion 

Engine (ICE) market: 

“By 2030, it is estimated that only around 

8% of the car parc will be fully electric 

in EMEA. The remainder will be largely 

Hybrids, in any configuration, featuring ICE 

technology such as power recuperation 

systems and power boost modes. Many will 

be fitted with Gates belts and tensioners 

that are designed for maximum efficiency 

and durability.” 

The future is a more electrified vehicle 

parc. That means opportunities for 

distributors and their garage customers in 

the independent aftermarket. In order to 

manage the successful transition, they will 

need more information. They will require 

the right parts from the right brand. Steven 

Zimmer points out that Gates is already 

able to supply market-leading products for 

EVs and Hybrids: 

“We are already able to demonstrate 

great coverage on many of our ranges, 

we have dedicated installation guidance, 

professional tools, technical tips, and 

expert training programmes. Gates is well 

placed to be that brand.”

Automotive Exports October 2022

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