It expects to complete the transition in advance of production for the 2028 model year.

Traditionally, he says investors in the subsector had to make a trade-off. Industrial real estate was more consistent, avoiding commercial real estate’s worst lows, but the upsides weren’t as high.

And Turkey’s realignment is not just talk. Over the past few years, Ankara has been distancing itself from Moscow by reducing its dependence on Russian energy and pruning the two countries’ economic ...