Automotive

Automotive

Japanese carmakers increasingly eye foreign markets

Japan’s automotive industry is increasingly pushing into overseas markets such as China and India as sales turnovers at home are...

Automotive

VW chief aims to challenge Toyota on margins as well as technology

Volkswagen aims to challenge its main rival Toyota not only in the area of technology but also on plant efficiency...

Automotive

Ford in bid to buy Romanian car plant

Ford Motor Co. has made an offer of €57 million ($78.5 million) for a majority stake in the Romanian car...

Automotive

Ford negotiates for Romanian plant, Toyota does deal with EDF

Ford is to push into Eastern Europe by buying a majority share in a car plant at Craiova, Romania. It...

Automotive

Porsche reported to seek majority control of Volkswagen

Porsche dismissed Saturday a fresh news report that it was planning to secure majority control of Volkswagen, the German-based car...

Automotive

Russia’sc AvtoVAZ will choose between Renault and Fiat

AvtoVAZ will name its strategic partner in November. Its choice is between Renault and Fiat, one of which will buy...

Automotive

Romania buys old cars to fight pollution

Romania's government bought 14,451 old cars this year as part of „Operation Jalopy,” a program to encourage citizens to buy...

Automotive

Russia’s PAZ, Brazilian Marco Polo mull JV on bus production

Russia’s Pavlovsky Bus Plant (PAZ) is holding talks with Brazilian bus manufacturer Marco Polo to form a joint venture for...

Automotive

General Motors considers Romania for plant

General Motors could shortly begin investments in order to develop a production centre in Romania, with Cluj as a potential...

Automotive

Hungary: Bare rate to remain unchanged on Monday

The base rate set by the Central Bank will remain unchanged on Monday, opined both analysts and Forex traders. Reuter’s...

Automotive

Chery to boost foreign plants

Chery Automobile Co, the biggest Chinese passenger car brand by unit sales, will build more plants abroad as part of...

Automotive

Chery to supply Fiat with 100,000 engines annually

Chery Automobile Co., Ltd. and Italy’s Fiat Auto have signed an agreement that Chery will supply Fiat with 100,000 engines...

Automotive

Russia becomes Chinese car industry’s largest market

Russia was the largest importer of Chinese cars in the H1 of 2007, accounting for 16% of the country's total...

Automotive

Audi heads for 12th record year in a row

German luxury carmaker Audi is heading for its 12th record year in a row and aims to be the most...

Automotive

Chrysler offers lifetime warranties

Chrysler Group raised the stakes in the warranty game Thursday, offering lifetime repairs for the key components of its cars...

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...