Turkey will not extend tax breaks introduced to benefit the automotive sector but is considering a possible cash for clunkers programme, Industry Minister Nihat Ergun said on Wednesday.
Automotive shares fell after the comments in a broadly positive market. Shares in Tofas (TOASO.IS) were down 3.14 percent at 4.32 lira, while Dogus Otomotiv (DOAS.IS) was trading down 3.77 percent at 5.10 lira at 0717 GMT.
The cuts in consumption tax, introduced in March and extended in June, were aimed at stimulating the Turkish economy and also applied to consumer durables and other manufactured goods.
(editing by John Stonestreet)