A new reality seems to form in the car industry, with more and more companies moving on to massive personnel cuts, preparing the ground for the new age of technology. The automotive industry has been in one of the most radical transition periods of its history in recent years, as both technological data and [...]
There are crises that leave marks and crises that overturn everything. What the great European motor giants are experiencing today is in the second category. The electric drive and rise of the Chinese car industry do not simply function as pressing factors. They overthrow business models built in decades, break down strategies that seemed indisputable and still challenge [...]
A new strategic cooperation expected to significantly strengthen the Turkish car industry was advanced by Turkey's Togg and Chinese technology giant of electric drive. Turkey has been trying for several years to create a strong domestic car industry, investing significant amounts in the electricity sector through Togg, which is the country's largest project in [...]
Before the Middle East war, 40 tankers carrying 20 million barrels of crude oil and petroleum refining products crossed the Straits of Hormuz every day. Now few are tankers can pass through the Straits of Hormuz. Energy prices are projected to increase by 24% this year, at their highest level from [...]
