Mercedes

BELGRADE - A MoU on strategic partnership on sustainable raw materials, battery value chains and electric vehicles was signed by Serbia and the EU in Belgrade on Friday at a ceremony also attended by Serbian President Aleksandar Vucic and German Chancellor Olaf Scholz.

In Munich, where this week's IAA motor show is taking place, an interactive street survey elicits an overwhelming "yes" when asking passers-by if they would take a self-driving taxi from the station to the Oktoberfest beer festival.

German carmaker Mercedes-Benz is expected to sell its Russian assets to a local investor, the Russian ministry of industry and trade said yesterday, becoming the latest automaker to exit since Moscow sent troops to Ukraine.

"Mercedes-Benz intends to sell its shares in Russian subsidiaries to a local investor," Avtodom, the ministry said in a Telegram statement.

German automaker Mercedes-Benz said yesterday that higher sales prices enabled it to lift its bottom line slightly in the first three months of the year, despite a shortage of semiconductors and fallout from the war in Ukraine.

Turkey's competition watchdog will soon announce its decision in a probe into automotive companies, Birol Küle, the head of the Competition Authority, said on Jan. 19. 

"We may announce the result of the investigation on automotive companies next week," he told private broadcaster CNN Türk.

Automakers in Turkey produced 108,078 vehicles in October, including automobiles and commercial vehicles, according to a sectoral report released on Nov. 15.

The figure decreased by 28 percent year-on-year last month, a report from the Automotive Manufacturers Association (OSD) showed.

Automakers in Turkey produced 106,176 vehicles - including automobiles and commercial vehicles - this January, according to a sectoral report on Feb. 14.

Turkey's auto production fell 3 percent on a yearly basis, said the Automotive Manufacturers Association.

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.

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.