Automotive

Automotive

Romanian premier vows to keep car tax

Romanian Prime Minister Calin Popescu Tariceanu said Monday his government would keep a first registration car tax, despite a warning...

Automotive

Porsche to increase its Volkswagen stake

Porsche AG has announced plans to increase its stake in fellow German carmaker Volkswagen AG, Europe's biggest car maker, from...

Automotive

Russia’s Gazprom to begin trading German electricity

OAO Gazprom, the world's biggest natural-gas provider, plans to begin trading German electricity this week and may buy stakes in...

Automotive

Peugeot to decide whether to open Russian plant later this year

PSA Peugeot Citroen, Europe's second-largest carmaker, will decide whether to build a factory in Russia by the end of this...

Automotive

Romanian February car sales jump 26% as currency boosts imports

Romanian new car sales rose 26% in February, driven by a boom in imports as a stronger local currency made...

Automotive

Chrysler plans $597 mln Ontario plant investment

DaimlerChrysler AG's Chrysler unit assured the head of the Canadian Auto Workers union yesterday that it intends to expand an...

Automotive

European car sales fall, led by Renault, BMW, Daimler

European new car sales fell 2.5% in February, led by declines at Renault SA, Bayerische Motoren Werke AG and DaimlerChrysler...

Automotive

General Motors records $950 mln profit in Q4

General Motors Corp., the world's largest automaker, reported a Q4 profit of $950 million on improved automotive results....

Automotive

Hyundai Motor to build $270 million US engine plant

Hyundai Motor Co., South Korea’s biggest carmaker, will invest about €204.9 million ($270 million) to construct its second engine plant...

Automotive

Aston Martin sold to UK-led group

Luxury car firm Aston Martin is heading back into British hands after being sold by Ford for £479 million ($924...

Automotive

Romania Daewoo car plant suitors must express interest by April

Romania's government gave companies interested in buying 72.4% of a former Daewoo Motor Co. car factory until April 25 to...

Automotive

Volkswagen says 2007 profit to rise on new models, lower costs

Volkswagen AG, Europe's largest carmaker, said 2007 profit and sales will rise as new models such as the Skoda Fabia...

Automotive

Czech Q4 economic growth slows to 5.8% – extended

The Czech economy grew 5.8% in the last three months of 2006, the fourth consecutive quarterly slowdown, as imports outpaced...

Automotive

Daimler, Volkswagen tout emissions gains, display gas guzzlers

DaimlerChrysler AG Smart ForTwo models, with „CO2 Champion” on the sides, ferried people to the Geneva International Motor Show. Volkswagen...

Automotive

BMW 2006 profit rises to record on car sales growth, disposal

Bayerische Motoren Werke AG, the world’s largest maker of luxury cars, said 2006 profit rose 28% to a record after...

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...