Hyundai Motor Company

The number of vehicles registered in Turkey surged by 55% year-on-year in 2020 to surpass 1 million, according to the country's statistics authority on Jan. 26.

The total number of road motor vehicles registered was 24.15 million by the end of last year, the Turkish Statistical Institute announced.

The Turkish competition authority has approved the sale of 30 percent shares of Hyundai Assan from Turkey's Kibar Holding to Hyundai Motor.

The South Korean automotive giant, the world's fifth-biggest auto group, was already holding 70 percent of stocks in the Turkish automotive company.

South Korean automotive giant Hyundai Motor on Dec. 17 applied to the Turkish competition authority to buy 30 percent stake of Hyundai Assan from Kibar Holding in a bid to become the absolute owner of the Turkish carmaker.

Hyundai Motor, the world's fifth-biggest auto group, currently holds 70 percent stake of Hyundai Assan.

Automakers in Turkey produced some 1.15 million vehicles- including automobiles and commercial vehicles - in this January-November, according to a sectoral report.

The figure was down 13% year-on-year, the Automotive Manufacturers Association (OSD) said on Dec. 14. 

The country's passenger car production also fell 14% to 761,743 during the same period.

The EU's passenger car market shrank 41.5% in the January-May period this year compared to the same period last year, an industry group said on June 17. 
Automobile registrations across the 27-member bloc stood at 3.33 million in the first five months of 2020, the European Automobile Manufacturers' Association (ACEA) announced.

Automakers in Turkey produced 415,454 vehicles, including automobiles, light commercial vehicles, and tractors, in January-May, according to a sectoral report released on June 8. 

In the first five months of 2020, Turkey's auto production dropped 35% on a yearly basis due to the COVID-19 pandemic, said the Automotive Manufacturers Association.

Automakers in Turkey manufactured 352,309 vehicles -- including automobiles and commercial vehicles -- between January and April 2020, according to a sectoral report on May 10.

Turkey's auto production slipped 28 percent on a yearly basis due to factory shutdowns amid the coronavirus pandemic, said the Automotive Manufacturers' Association.

One of South Korea's largest companies is currently exploring Bulgaria and two other countries for investment of more than € 1.5 billion. This was stated by Bulgarian Minister of Economy Emil Karanikolov, in Seoul, regarding the potential investments in Bulgaria by the Republic of Korea.

First day of Prime Minister Boyko Borissov's visit to South Korea. Borissov presented a wreath at Seoul National Cemetery and visited the Hyundai Research Center. Negotiations are underway to co-operate in the automotive industry, as well as to open a direct airline.

First day of Prime Minister Boyko Borissov's visit to South Korea.

In Seoul, Borissov will deliver a wreath at the Seoul National Cemetery, where hundreds of thousands of Koreans are buried, who gave their lives in the Korean and Vietnam War national independence movement.