TURKEY: Auto exports plunge in November
Turkish automotive industry exports fell 37.9% year-on-year last month to $1.4bn from last year's $2.254 billion.
The top exporting auto industry suffered the largest loss among the country's top five exporting sectors, Reuters said, citing data from the the Turkish Exporters Association (TIM).
Ford Otosan - home of the popular Transit Connect small van sold across Europe - stopped production between 25 October and 2 November due to what it saw as lower demand in the sector, the report said.
Turkish vehicle exports plummeted 42% year in the first three weeks of November due to tumbling consumer demand in Europe, according to the Uludag Exporters Union.