Koç Holding

Selçuk Bayraktar, chairman and chief technology officer (CTO) of Türkiye's leading drone maker Baykar, topped the list of highest-income taxpayers in 2023, the country's Revenue Administration said on Aug. 28.

Last year, 1.95 billion Turkish Liras ($52.4 million) of income tax accrued to Selçuk Bayraktar.

Trade Secretary Jonathan Reynolds is set to deliver trade negotiations with international partners, including Türkiye, the Gulf Cooperation Council and India, the U.K. government has said in a statement.

The Bilderberg Club, the exclusive club of the powerful that has been associated with the most extreme conspiracy theories, turned 70 this year.

Koç Holding has announced that discussions for the sale of shares in its banking unit Yapı Kredi Bankası have been terminated.

Preliminary discussions were ongoing regarding the sale of our shares in our subsidiary Yapi ve Kredi Bankası, the Turkish conglomerate said in a filing with Borsa Istanbul.

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.