Koç Holding

The combined net profit of the companies, whose shares are traded on the stock exchange, increased by 75 percent in the third quarter to hit 444 billion Turkish Liras ($15.6 billion).

The European Bank for Reconstruction and Development (EBRD) has provided a 70 million-euro loan to TürkTraktör in Türkiye to support the company in modernizing its manufacturing facilities and expand its green investments.

A total of 26 names from Türkiye entered the 2023 billionaires list published by Forbes, while İbrahim Erdemoğlu, the owner of a holding company manufacturing carpet, has officially surpassed Yıldız Holding chair Murat Ülker to take the title of the country's richest billionaire.

Stellantis plans to discontinue the Ram ProMaster City, the smaller of the truck brand's two van offerings, after the 2022 model year as the segment dwindles rapidly in the U.S. and automakers focus on adding larger electric vans instead, Automotive News has reported.

The ProMaster City is built in Türkiye by carmaker Tofaş at its plant in the northwestern province of Bursa.

Turkey's Petroleum Pipeline Corporation (Botaş) announced yesterday that natural gas cuts to industrial zones would end as of this morning.

In a tweet, the national energy company thanked industrialists "for their understanding and cooperation in this period."

On Jan. 20, Iran halted natural gas flow into Turkey for 10 days due to technical failures on a key pipeline.

Major automaker Ford will cut its North American vehicle production next week due to a semiconductor shortage, U.S. media reported on Feb. 5.

Ford plans to suspend production of vehicles including the Ford Bronco, the popular F-150 pickup and the new Mustang Mach-E electric vehicle at its plants in Michigan, Illinois and Mexico, according to outlets including CNBC.

Industry and Technology Minister Mustafa Varank and Energy and Natural Resources Minister Fatih Dönmez have met with industrialists at a consultation meeting on energy cuts.

Turkey's energy giant Tüpraş plans to invest $5 billion by 2035 and $10 billion in total by 2050 as part of its Strategic Transition Plan, the company announced on Nov. 24.

An artwork titled "Anamorphosis Atatürk," made by Czech sculptor Patrik Prosko with the contributions of Temmer Marble, will be on display at the Rahmi M. Koç Museum from Oct. 29.

The artwork, prepared by the combination of 539 pieces from 93 different themes, symbolizes the life and values of the founder of the Turkish Republic, Gazi Mustafa Kemal Atatürk.

Ford Otosan, a joint venture of Turkey's Koç Holding and U.S. automotive giant Ford, has unveiled Turkey's first domestically-developed gearbox at its plant in the Central Anatolian province of Eskişehir.