Trkiye: Trkiye's automotive production dropped 10.4% year-on-year in October, marking the eighth consecutive month of decline, according to a sector report released on Monday. Turkish automakers produced a total of 121,970 vehicles last month, as reported by the Automotive Manufacturers Association (OSD). According to Anadolu Agency, passenger car production fell by 7% from a year ago to 85,155 units in October. Meanwhile, automotive exports, encompassing both cars and commercial vehicles, declined at a slower pace than production, down 1.4% to 96,744 units during the same period. Trkiye's vehicle exports generated $3.5 billion in October, rising 12.6% from the previous year. However, the domestic auto market experienced a contraction of 4.6% at an annualized pace, with total sales falling to 100,378 units. Significant global automakers such as Ford, Honda, Hyundai, Mercedes, Renault, and Toyota operate factories in Trkiye, which is recognized as a crucial global auto market. In the period from January to October, Trkiye's vehicle production decreased by 7.3% compared to the previous year, totaling over 1.1 million units. Passenger car production specifically fell by 4.3% to 742,303 units during the same timeframe.