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Turkey unveils first fully homemade car in $3.7 billion bet on electric

It bears the TOGG brand name

Turkey unveiled its first fully domestically-produced car on Friday, saying it aimed to eventually produce up to 175,000 a year of the electric vehicle in a project expected to cost 22 billion lira ($3.7 billion) over 13 years. The project has been a long-time goal of President Tayyip Erdogan and his ruling AK Party as a demonstration of the country's growing economic power. Speaking at the unveiling ceremony, Erdogan said Turkey aimed not only to sell the car domestically but also wanted it

PSA/Citroen to launch low-cost car for emerging markets

Following the approach taken by rival Renault, PSA/Peugeot-Citroen is working on an entry-level car set to debut in emerging markets in 2011. The Renault Logan has done well in Russia and Romania, which has prodded this interest and action from PSA. The new five-passenger vehicle will be assembled in Turkey or Poland and sold in eastern and central Europe, Russia, Turkey, and North Africa wearing both Citroen and Peugeot badging. If successful, sales would also expa

Turkey makes sports cars? Say hello to the Etox Zafer I

Turkish camaker Etox has developed a new model called the Zafer I that it hopes will enter production next year. Still in the prototyping phase, the creators of the Etox Zafer hope to eventually build up to 500 units a year but plan a more modest run of just 20 cars/year initially. Looking similar to cars built by the UK's TVR, the Zafer was designed over a period of six months and this latest prototype involved the work of over 46 engineers.