In Turkey, the automotive production has started with assembly line productions of Renault and Fiat groups with local partners in 1970s. Bursa-Kocaeli-Sakarya triangle has become the automotive cluster of Turkey with an increased capacity.
Changes in energy prices affect the Turkish economy in two ways. First, it affects supply. Secondly, it affects the demand side. In terms of supply, increases in prices cause a negative impact on production costs. On the demand side, these are the uncerta