03
Oct
15:17
Turkish carmaker suspends output on domestic demand slump
Turkish car manufacturer Tofas will suspend production at its Bursa plant for nine days during October due the recent slump in domestic automotive demand, the company says.
The nine days will not necessarily be consecutive. The firm expects the move to have no material effect on its overall production and sales.
Tofas is a joint venture between Fiat Chrysler Automobiles and Koc Holding. The firm had a 17.2% share in Turkey’s passenger car output in Janu…
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Very good overview of the weekly steel market.
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