Automotive

Automotive

Hipa: Punitive Tariffs on Chinese EVs Don’t Benefit Automotive Industry

Punitive tariffs on some Chinese EVs imposed by the European Commission benefit neither consumers nor manufacturers in Europe, the CEO...

Automotive

Production and Share up at Magyar Suzuki, Despite Shrinking Market

Presenting its 2023 results on June 12, Magyar Suzuki Corporation says production grew markedly, with a focus on hybrid models....

Automotive

Gov’t to Call HUF 28 bln Tender for EV Charging Infrastructure

A tender for HUF 28 billion in REPowerEU support to develop the EV charging station infrastructure will be called in...

Automotive

AutoWallis Enters Czech Vehicle Retail Market

The AutoWallis Group has entered the Czech vehicle retail market after successfully closing the purchase of Stratos Auto’s three BMW...

Automotive

162 Shell Recharge EV Charging Points in Tesco Stores

The Shell Recharge electric charging network in Tesco supermarket carparks is now available at 30 hypermarkets, the two companies have...

Automotive

Szolnok Upgrades E-fleet With E.ON’s Help

Electric cars are no longer the future but the present, as demonstrated by Szolnok, where a more than seven-year-long cooperation...

Automotive

Hungarians Spend 5 Hours a Week on Average in Their Autos

Hungarian auto owners use their vehicles for barely five hours a week, as revealed by a survey conducted by Magyar...

Automotive

New Record for Domestic Used Auto Market in April

An estimated record 80,900 autos changed hands in Hungary in April, 21% more than in 2023, acccording to data provider...

Automotive

Hungary’s Automobile Production Set to Surpass the One Million Mark Soon

The slowdown in electric vehicle sales is temporary, and stakeholders are ready to embrace competition. However, collaboration among the entire...

Automotive

‘In Automotive Projects, Only Change is Permanent.’

Two of the leading architects and project managers from Óbuda Group talk exclusively with the Budapest Business Journal about what...

Automotive

Automotive in CEE Regional Conference 2024: Navigating the Future of the Industry

The Automotive Business in CEE Regional Conference 2024, held in Budapest, provided attendees with a comprehensive overview of the current...

Automotive

EV Market and Hungary: Fancy a Roller-Coaster Ride?

With demand for EVs dropping, market players need to adapt. This is bad news for the Hungarian economy, with its...

Automotive

Peugeot Brand Sales in Hungary Climb 30% in Jan-May

Peugeot brand dealers in Hungary sold 1,247 vehicles in the first five months of the year, 30% more than in...

Automotive

German, Austrian Travelers Spend Most Money in Hungary

German travelers to Hungary spent HUF 476 bln in the country last year, more than any other nationality, news agency...

Automotive

Gov’t Mulls Steps After EC Blocks Vehicle Parts Plant Aid

Hungary's government is weighing further steps after the European Commission blocked state aid for a vehicle parts plant 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...