Automotive

Automotive

BMW to Build Corporation’s Largest Solar Plant in Hungary

German car manufacturing giant BMW's solar plant under construction in Debrecen, in eastern Hungary, will be the largest in Hungary...

Automotive

Rába Books H1 Loss on Weak Demand, Narrowing Margins

Hungarian automotive industry company Raba booked a HUF 448 mln loss in the first half as sales declined and margins...

Automotive

AutoWallis Unveils Comprehensive ESG Strategy for Sustainable Growth

AutoWallis Group has officially released its Environmental, Social, and Governance (ESG) strategy....

Automotive

AutoWallis Earnings Fall on Higher Costs 

First-half net income of listed car seller AutoWallis fell 55% year-on-year to HUF 3.4 bln as acquisition-related costs weighed, an...

Automotive

Automotive Sector Output Falls 11.8% in June

Output of the automotive industry, Hungary's biggest manufacturing sector, fell 11.8% year-on-year in June, a detailed release of data by...

Automotive

More Green Investments at AutoWallis Group

AutoWallis has published its annual Green Bond Allocation and Impact Report on the June 30, 2023, to June 30, 2024...

Automotive

BYD Leads Hungary Market for Battery-only EVs

China's BYD sold 148 vehicles in Hungary in July, making it market leader in the battery-only EV segment, BYD Hungary...

Automotive

Number of Battery-only EVs in Hungary Climbs Over 41,000

The number of battery-only electric vehicles registered in Hungary edged over 41,200 in 2023, data compiled by Eurostat show....

Automotive

Used Car Imports Climb 14% in July

The number of imported used cars registered in Hungary rose 14.1% year-on-year to 9,685 in July, listings site JoAutok.hu said...

Automotive

Prototype Czech-Hungarian Electric Midibus Unveiled

Hungary’s Ganz and Czech collaborator SOR have showcased the Ganz-SOR EBN8 electric midibus prototype. If serial production is given the...

Automotive

Over 3,400 Companies Apply for EV Subsidies

More than 3,400 businesses have submitted applications for subsidies in a scheme to support purchases of EVs, the Energy Affairs...

Automotive

Nearly 60,000 Pure EVs on the Road in Hungary

The number of purely electric vehicles (EVs) in Hungary reached 59,209 by the end of June 2024....

Automotive

Bumchun Plows EUR 21 bln Into Expansion in Hungary

BC GEN Hungary, the local unit of South Korea's Bumchun, will invest around HUF 21 bln to triple battery terminal...

Automotive

AutoWallis’s Retail Sales See Continued Growth

The increase in new vehicle sales at the AutoWallis Group’s Retail Business Unit significantly surpassed both the Hungarian and regional...

Automotive

BMW Leads Premium Segment in Hungary

BMW Group Magyarország sold 2,765 new BMW models in Hungary in the first half, making it market leader in the...

Automotive

Budapest Cuts EV Parking Discounts but Keeps Benefits Until 2030

Budapest's City Assembly voted to reduce the parking discount for electric and hydrogen vehicles to 50%, keeping the benefit in...

Automotive

Wallis Builds Next Growth Phase on Local Knowledge and Leadership

Gyula Mező, CEO of Wallis Asset Management, tells the BBJ how the group is allocating capital, managing an increasingly int'l...

Automotive

Navigating the Hungarian Auto Market: What Expats Need to Know

After years of hands-on experience advising expat friends and colleagues on 2nd-hand vehicle purchases, Christopher Csizmár founded CarSherpa, a pre-purchase...

Automotive

Bosch Pushes AI Deeper Into Vehicle Safety and Automated Driving

Bosch used its recent AI Symposium 2026 in Budapest to show how artificial intelligence is becoming a more concrete part...

Pirelli Cinturato Winter 3 Takes Top Honors in European Tests

As winter approaches, drivers face a familiar question: which tires can provide dependable performance when road conditions start to change?...

Michelin Celebrates 30th Anniversary of Presence in Hungary

Michelin celebrated the 30th anniversary of its presence in Hungary at an anniversary event at its Nyíregyháza facility (231 km...

Geely Leads Interest in Chinese Car Brands Newly Launched in Hungary

Geely attracted the most interest among Chinese car brands entering Hungary this year, according to January-September data from used car...

Older Small Cars Rise in Price as Hungary’s Budget Used-Car Supply Shrinks

Suzuki Swift asking prices rose 25.8% year-on-year in September as the share of used cars below HUF 2.5 mln shrank,...

Hungarian EV Market Continues to Grow, Leading CEE

Electromobility in Hungary continues to grow. In the first half of the year, 7,497 new all-electric passenger cars were registered,...

Budapest Cuts EV Parking Discounts but Keeps Benefits Until 2030

Budapest's City Assembly voted to reduce the parking discount for electric and hydrogen vehicles to 50%, keeping the benefit in...

Wallis Builds Next Growth Phase on Local Knowledge and Leadership

Gyula Mező, CEO of Wallis Asset Management, tells the BBJ how the group is allocating capital, managing an increasingly int'l...

BMW Debrecen Adds Third Shift to Meet Strong iX3 Demand

BMW is introducing a third shift at its Debrecen factory and moving to 24-hour operations to accelerate production of its...

AutoWallis to Launch Zeekr in Austria and Poland

AutoWallis Group will launch Zeekr, the premium electric mobility brand of Geely Auto Group, in Austria and Poland under a...

AutoWallis Remains Profitable in H1 Despite Challenging Auto Market

AutoWallis Group remained profitable in H1 2026 despite a challenging automotive market, weaker performance from traditional brands, one-off costs related...

Navigating the Hungarian Auto Market: What Expats Need to Know

After years of hands-on experience advising expat friends and colleagues on 2nd-hand vehicle purchases, Christopher Csizmár founded CarSherpa, a pre-purchase...

Hungarian Engineers to Contribute Expertise to Formula 1 Cars

Hungarian engineers will contribute their expertise to Formula 1 cars, Economy and Energy Minister István Kapitány said in a social...

Hybrid Listings Hit Record High on Used Car Market in June

Demand strengthened on Hungary’s used car market in June, while the average age of vehicles declined, according to the latest...

Bosch Pushes AI Deeper Into Vehicle Safety and Automated Driving

Bosch used its recent AI Symposium 2026 in Budapest to show how artificial intelligence is becoming a more concrete part...

AutoWallis to Use 2025 Profit to Support its Regional Growth Strategy Going Forward

AutoWallis Group has said it will retain its 2025 after-tax profit of nearly HUF 5 billion to support the implementation...