Saturday, May 29, 2010

EU financial crisis causing jitters in Turkish auto industry | My Sinchew

"EU financial crisis causing jitters in Turkish auto industry

2010-05-29 13:37

BURSA (Turkey), Saturday 29 May 2010: The current financial crisis in the European Union (EU) is causing jitters in the Turkish automotive industry as the nation is heavily dependent on European exports.

Bernama quoted the Anadolu News Agency as reporting that Turkey's Automotive Industry Exporters Union (OIB) head Orhan Sabuncu is worried about the deepening financial crisis in EU countries as the Turkish automotive industry might face serious problems in the medium and long term."

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