Putting the brakes on the auto industry in Turkey

Istanbul's car parts industry, once thriving, is now facing a downturn due to a crisis affecting exports to Europe. The industry, which heavily relies on exports, is experiencing production cuts and employment challenges. Companies like Canker are reducing workdays and facing inventory issues due to poor market predictions. Workers are on short time, with reduced wages. The outlook for 2009 remains bleak, prompting Turkish car parts makers to explore new markets like Russia and Iran, where demand is still growing.

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