BMW

OpenCalais Metadata: Ticker

BMWG

EV makers modify engines for Turkish market for lower tax

Electric carmakers are adjusting the engine powers of their vehicles so that consumers pay lower taxes, which serves as a kind of incentive to buy EVs.

In the past, carmakers resorted to a similar method to boost sales. They designed 1.5-liter or 1.6-liter engines, especially for the Turkish market which would fit into lower tax brackets and made those vehicles more accessible.

Tesla, Chinese brands take centre stage at Munich car show

Tesla and Chinese carmakers showed off their newest electric models at the Munich auto fair, throwing down the gauntlet to their European rivals as competition in the sector intensifies.

The industry-wide shift towards electric vehicles (EVs) was on full display on the opening day of Germany's biennial IAA mobility show, one of the world's largest.

Ford recalls some vehicles for air bag problems

Ford Motor is recalling certain 2004 to 2006 Ranger vehicles because replacement front passenger air bag inflators may have been installed incorrectly.

The National Highway Traffic Safety Administration said in a letter that the recall includes 231,942 vehicles.

The vehicles had received replacement front passenger air bag inflators under a previous recall.

CI Bloom gearing up for second edition

With a focus on the growth of contemporary art in Türkiye, the art fair CI Bloom will organize its second edition at the Lütfi Kırdar Convention and Exhibition Center from May 31 to June 4.

Organized by Contemporary Istanbul, the event aims to be a meeting point for the nonprofit creative industries with an expanded program this year.

Vehicle registrations rise 10 percent

The number of road motor vehicles registered increased by 10.2 percent in September from a year ago to 102,500, data from the Turkish Statistical Institute (TÜİK) have shown.

New registrations, however, declined by 8.3 percent from August.

In September, 39 percent of the newly registered vehicles were passenger cars, while motorcycles claimed the second spot at 36.5 percent.

Electric car sales may reach 4,500 units this year

If the sales maintain their current pace in the coming months, electric vehicle sales may reach around 4,500 units, according to a business group.

In the first six months of 2022, the number of registered electric vehicles increased by 170 percent from a year ago to 2,413, according to a recent report by the Electric and Hybrid Vehicles Association (TEHAD).

Pages