Koç

Baykar’s Selçuk Bayraktar Türkiye’s highest taxpayer

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.

Talks on sale of Yapı Kredi Bankası shares terminated

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.

US sales of Tofaş’s van to discontinue

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.

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