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Turkish auto exports hit 1m for first time in 2016

Turkish auto exports hit 1m for first time in 2016

ISTANBUL: Turkey’s annual auto exports, including trucks and buses, surpassed 1 million units for the first time in 2016 as foreign automakers’ investment in new models and a recovery in its mainstay European market lifted shipments.

According to industry group the Automotive Manufacturers Association, or OSD, Turkey exported 1.14 million units last year, up 15% from the year before. Auto exports hit a record high for the fourth straight year.