Automotive

Automotive

Ford to bid for Romanian car plant

Ford Motor Co. has been selected as the buyer of a majority stake in a Craiova car manufacturing plant formerly...

Automotive

Avtovaz plans to set up JV with Fiat for engine production

AvtoVAZ plans to establish a joint venture to produce engines with Italy's Fiat, the Russian carmaker's head said Thursday....

Automotive

Assembling a future – report

Slovakia's low wages, tax breaks are likely to bring yet more companies to join VW and others amid a bustling...

Automotive

Amtek Auto plans to expand in European market

Indian auto parts maker Amtek Auto Ltd is eyeing two more acquisitions in Europe and plans to spend $150 million...

Automotive

New York crude oil futures close with 10-month-high

New York crude oil futures closed above $70 the first time since August 2006 on Friday amid concern over supply....

Automotive

Fiat plans 16 bln yuan refueling in China

Italian industrial giant Fiat Group plans to spend more than 16 billion yuan in China in the years to 2010...

Automotive

EU to debate 162km/h speed limit for all new cars

Could the age of the fire-breathing sports car be coming to an end? With cars like the Bugatti Veyron and...

Automotive

Boeing signs with Chinese suppliers new contracts worth half billion dollars

US aviation giant Boeing on Friday announced agreements with Chinese suppliers for the production of commercial aircraft parts and components,...

Automotive

Audi picks its plant in Hungary for new A3 vehicle

German car manufacturer Audi AG will manufacture its new A3 Cabriolet at its plant in Győr, western Hungary, the company's...

Automotive

Volkswagen sees 25% profit rise this year

Volkswagen AG's JV with First Automotive Works Corp (FAW), one of the top Sino foreign car partnerships, expects its 2007...

Automotive

General Motors to sell transmission unit for $5.6 billion

General Motors Corporation will sell its Allison Transmission unit to investment firms Carlyle Group and Onex Corp for $5.6 billion,...

Automotive

Russian tycoon buys stake in Australia’s Medusa Mining

Gallagher Holdings Ltd., an investment company owned by Russian billionaire Alisher Usmanov, has bought a 12.32% stake in Medusa Mining...

Automotive

MOL signs €2 mln contract with Dacia

MOL Romania, the domestic branch of the Hungarian petroleum group MOL, has signed an approximately €2 million ($2.7 million) contract...

Automotive

MOL to start production near Monor

Hungarian oil company, MOL Nyrt's management decided recently to add a new production field in the vicinity of Monor and...

Automotive

Google unveils hybrid vehicle initiative

Not content with powering the internet revolution, technology giant Google has unveiled a hybrid vehicle initiative that could double 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...