BMW's quarterly net profit decreased by 9%

German automaker Bayerische Motoren Werke AG (BMW) recorded a 9% decrease in net profit in the 2nd quarter with a slight decrease in revenue.

Japan plans a project of a new trade route through Caspian Sea

Japanese Prime Minister Fumio Kishida plans to announce an economic aid package for Central Asian countries. The program envisages creation of a new trade route through the Caspian Sea, which will connect the region with Europe

Air tickets risen sharply in price

Air ticket prices have risen sharply.

Construction of a new road near Javanshir Bridge under completion

The State Agency of Highways of Azerbaijan is finishing construction of a new road on the territory of the Javanshir Bridge in Baku.

Porsche blames its CEO for drop in sales

Porsche has blamed its CEO for the drop in sales.

Land Transport Agency acquires a digital platform for 6.56 million manats

The Azerbaijani Land Transport Agency has signed a contract with Az Software System CJSC in the amount of more than 6.5 million manats.

Mitsubishi to join Honda and Nissan alliance

Mitsubishi Motors will join the alliance of Honda and Nissan – the second and third largest automakers in Japan – amid the increased competition between Japanese companies with Chinese and American ones.

Cargo transportation via TITR grew by 65%

In the 1st half of 2024, the cargo transportation via the Trans-Caspian International Transport Route (TITR, Middle Corridor) increased by 65%, ABC.AZ reports with reference to the press service of the Government of Kazakhstan.

Ferrari launches cryptocurrency payment system for car sales in Europe

Italian luxury car manufacturer Ferrari is expanding cryptocurrency payment options for customers of its dealers in Europe.

Kazakhstan to restore transport route from Iran to China

A subsidiary of Kazakhstan’s national railway company KTZ Express and Chinese company China Railway Container Transport Co. Ltd. The Iran-China transport route is being restored.

Traveling on trains with use of e-ID becomes possible

In Azerbaijan, travel on domestic railway routes is possible with an electronic identity card.

Azerbaijani vessel to deliver lumber from Canada to China

Azerbaijan's Khojaly vessel heading from Canada to China

Air Serbia to start flights from Belgrade to Baku by end of 2024

Air Serbia, the national airline of Serbia, is gearing up to launch direct test flights from Belgrade to Baku before the end of 2024.

Tesla to postpone decision on construction of automobile plant in Mexico

Tesla owner Elon Musk has announced suspension of plans to build an electric car manufacturing plant in northern Mexico until the final results of the U.S. presidential election in November.

Azerbaijan has reported on hybrid car imports for past half-year

The number of automobiles with hybrid engine imported in Azerbaijan for Jan-Jun 2024 grew by 22.3% against the 2023 same term and their cost by 66.8%, while the number of automobiles with electric motor by 33.9% and theor cost by 32.8%.

Toyota to buy back its shares for $5 billion from Japanese banks

Toyota Motor Corp. It intends to buy back its own shares worth more than $5 billion from Japanese banks and insurance companies as part of a plan to reduce cross-ownership of shares.

Trump may impose duties of 100-200% on Chinese cars

The U.S. presidential candidate from the Republican Party, Donald Trump, claims that if he wins the election, he can impose duties on Chinese cars in the amount of 100-200%.

Another airport to open in Türkiye

A new airport will start operating in Türkiye.

Reconstruction of railroad Alat-Osmanli-Astara begins

Car production has increased - Report

Azerbaiajn manufactured 2,032 automobiles for Jan-Jun 2024 (a rise by 288 vehicles, or by 16.5% versus Jan-Jun 2023).

Trucks imported in Azerbaijan risen in price by 3,497 manats

Over Jan-Jun 2024, Azerbaijan imported 4,003 trucks for $68.337 million.