Hyundai Motor Company

Bulgaria: Bad Road Accident, 3 Dead

A total of three victims died after the accident on the highway "Trakia" at 356 km in the direction of Sofia-Burgas, said the press center of the Regional Directorate of the Ministry of Interior in the seaside town.

The incident happened around 20.30 this evening after the highway exit Balgarovo.

Competition authority approves share transfer of Hyundai Assan

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.

Hyundai Motor moves to buy all stakes at Turkish subsidiary

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.

Turkish auto industry produces 1.1 mln vehicles in Jan-Nov

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.

EU passenger car market narrows 41.5% in Jan-May

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.

Turkey's auto production tops 415,000 in Jan-May

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.

Auto production over 352,000 in January-April 2020

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.

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