In global markets, signs of easing trade tensions between the United States and China reduced risk perceptions, while positive statements from both leaders boosted investor confidence. Despite increased stock-specific fluctuations, optimism in the overall outlook strengthened.
The White House shared details of the trade agreement reached between U.S. President Donald Trump and Chinese President Xi Jinping, stating that China would lift restrictions on the export of rare earth elements and halt exports of certain chemicals used in fentanyl production to North America.
Karsan Delivers the Highest Gains Among Automotive Stocks in October
Among automotive stocks traded on Borsa Istanbul, Karsan recorded the highest increase in October, rising 2.95%. It was followed by Doğuş Otomotiv with a 2.50% gain, Tofaş with a 1.93% rise, and Ford Otosan with a 0.20%increase.
Conversely, Tümosan shares fell 3.35%, Türk Traktör declined 4.12%, and Otokar dropped 10.34%. Anadolu Isuzu shares showed no significant change.
Notable Company Announcements
Karsan announced that it had won a tender for 42 electric buses in Bari, Italy, with deliveries of its e-ATA modelscheduled for completion by June 2026. At the Busworld Europe 2025 exhibition in Belgium, Karsan unveiled three new models: the world premiere of the autonomous e-JEST, the e-ATA Hydrogen developed in collaboration with Toyota, and its new Karsan AI (Autonomous Intelligence) solutions.
Otokar also participated in the same exhibition with seven vehicles, showcasing innovations in electric and autonomous vehicle technologies. Anadolu Isuzu displayed a range of models designed for diverse transportation needs, including the Grand Toro XL, Citiport 12 Class 2, and fully electric Novociti Volt, NovoVolt, and Citivolt 12vehicles.
Tofaş announced that the Capital Markets Board (SPK) had approved its simplified merger with its subsidiary Stellantis Otomotiv Pazarlama A.Ş. Tümosan received SPK approval for a 4 billion TL lease certificate issuance limit, while Türk Traktör reported a net profit of 917 million TL for the third quarter of 2025. The company’s total revenue reached 39.22 billion TL, with an EBITDA margin of 10.3%.
Ford Otosan Leads by Market Value
Among publicly traded automotive firms, Ford Otosan ranked first in market capitalization, ending October with a valuation of 348.28 billion TL. It was followed by Tofaş (132 billion TL), Otokar (55 billion TL), Türk Traktör (54.7 billion TL), Doğuş Otomotiv (39.6 billion TL), Anadolu Isuzu (14.5 billion TL), Tümosan (12.6 billion TL), and Karsan (9.7 billion TL).
Global Automotive Stocks Also Showed Mixed Trends
Globally, automotive stocks also showed mixed performance in October. Hyundai Motor Company rose 34.9%, General Motors 12.6%, Stellantis NV 10.1%, Ford Motor Company 9.8%, Toyota Motor Corporation 6.9%, and Mercedes-Benz 4.3%.
Hyundai’s gains were supported by its collaboration with Nvidia on autonomous vehicle and robotics technologies. Toyota’s $10 billion U.S. investment plan, Ford’s electric vehicle investments, and positive expectations for General Motors regarding trade tariffs also contributed to their stock performances.
On the other hand, BMW fell 5.7%, Renault 3.2%, SAIC Motor 2.9%, Nissan 2.8%, Volkswagen 1.7%, and Honda 1%. Volkswagen’s over €1 billion loss in the third quarter, SAIC Motor’s plans to reduce its stake in its Indian partnership, and Honda’s semiconductor supply issues were key factors behind these declines.
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