automotive industry
Uzbekistan Boosts Car Exports by 9.1%
In January–August 2026, Uzbekistan exported $195.3 million worth of cars, up 9.1% year on year. Cars became the largest subcategory in exports of machinery and transport equipment.
Over 36,000 Cars Scrapped in Azerbaijan Since Program Launch
Since the launch of the car scrappage program in Azerbaijan, 36,728 vehicles have been taken out of circulation, including 18,852 in January-August of this year.
Union Warns Volkswagen May Cut Up to 140,000 Jobs
Planned reorganization at Volkswagen could affect up to 140,000 jobs, unions warn. Management will present a cost-cutting plan on August 25.
German Auto Industry Employment Hits 20-Year Low
Employment in Germany's automotive sector fell to 691,500, the lowest since 2005, due to cost-cutting and weak sales in China.
Iran to Accelerate Hybrid and Electric Vehicle Production to Reduce Gasoline Consumption
The Iranian government has ordered a ramp-up in the production of hybrid, bi-fuel, and electric vehicles as part of a strategy to manage energy consumption and reduce gasoline imports.
BYD Plans to Boost Electric Vehicle Production in Uzbekistan
Uzbekistan's Minister of Investment, Industry and Trade Laziz Kudratov met with BYD's Managing Director for Central Asia and the Caucasus Cao Shuang to discuss expanding EV production.