Automotive

Automotive

New metals may trim autos’ weight by 3.5% in 2015

Automakers will use higher-strength steel, aluminum and magnesium to lop 3.5% from the weight of their cars and light trucks...

Automotive

GM’s Wagoner says auto alliances may be driven by energy issues

General Motors Corp. CEO Rick Wagoner said Ford Motor Co.'s search for an Aston Martin buyer and DaimlerChrysler AG's possible...

Automotive

Volkswagen increases Scania ownership in merger push

Volkswagen AG raised its holding in Swedish truckmaker Scania AB as Europe's largest carmaker seeks to force a three-way merger...

Automotive

Czech new car sales rise 13% in first two months, led by Skoda

Czech new car sales rose 13% in the first two months of the year, led by models of domestic producer...

Automotive

Romanian January net average monthly wages rise 11% on year

Net wages in Romania, which the central bank says are the main threat to its inflation target, rose an average...

Automotive

Car firms bat back on green issue

Green technology is high on the agenda as the car industry gathers for its annual jamboree in Geneva....

Automotive

Hungary’s forint declines as investors exit emerging markets – extended

The Hungarian forint fell along with other emerging market currencies after a selloff in global equities led investors to withdraw...

Automotive

Porsche says it will beat next deadlines for EU emissions rules

Porsche AG, the maker of the 911 Carrera sports car, said it plans to beat the European Union's next two...

Automotive

Audi forecasts another record year after 2006 earnings surge

Audi AG, Volkswagen AG's luxury car division, forecast record results in 2007 after profit surged last year on sales of...

Automotive

Batmobile fetches £119,000 after bidding war in London

A shopper with £119,000 ($233,000) to spare went away with a vehicle fit for a superhero when a Batmobile from...

Automotive

Kia may start producing third model at Slovak factory by 2010

Kia Motors Corp., South Korea's second-largest carmaker, may produce a third model at its Slovak plant to benefit from lower...

Automotive

Volkswagen raises stake in truckmaker MAN AG to 29.9%

Volkswagen AG, Europe's biggest carmaker, increased its stake in MAN AG to 29.9% as part of an effort to combine...

Automotive

Toyota to build $830 mln SUV plant in Mississippi

Toyota Motor Corp., the world's second-largest automaker, plans to build an $830 million factory in Mississippi, its eighth North American...

Automotive

Volkswagen 2006 commercial-vehicle profit rises 5.4%

Volkswagen AG, Europe's biggest carmaker, said its commercial-vehicle unit's 2006 profit rose 5.4% to a record as sales of new...

Automotive

Nissan, Renault, Mahindra to build plant

Nissan Motor Co., Japan's third-biggest automaker, will join Renault SA and Mahindra & Mahindra Ltd.'s venture to build cars in...

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...