Automotive

Automotive

VW’s Audi to boost investment, double model lineup

Audi AG, Volkswagen AG's luxury brand, plans to increase investment over the next five years by €1 billion ($1.32 billion)...

Automotive

Nissan to develop own hybrids to catch up with Toyota

Nissan, Japan's second-largest carmaker, will develop its own gasoline-electric hybrid cars by 2010, to compete in a segment where it...

Automotive

GM European sales rise 4.8% on Corsa & Chevrolet

GM's European unit said sales rose 4.8% in November on demand in Russia and as buyers snapped up a new...

Automotive

Kia to build engine factory in Slovakia to supply Czech plant

Kia Motors Corp., South Korea's carmaker, will build an engine plant in Slovakia to supply an auto factory under construction...

Automotive

Hungary’s October industrial output up preliminary 10.6% yr/yr

Hungary's industrial output rose 0.7% in October from September in volume terms according to seasonally- and working day-adjusted figures and...

Automotive

Poppe & Potthoff plan €3 mln capacity expansion at Hungarian unit

German auto parts maker Poppe & Potthoff plans to spend €3 million to expand capacity at its unit in Hungary,...

Automotive

GM planning to build three Chevrolet models in Warsaw

General Motors Corp., the world's largest automaker, plans within two years to begin producing three Chevrolet models at a plant...

Automotive

GM sets deal to build Chevrolets in Poland

General Motors has clinched a deal to have Ukrainian automaker UkrAvto build entry-level Chevrolet cars for GM at a plant...

Automotive

Hungary’s September retail sales up 4.5% yr/yr

Retail sales increased a calendar year-adjusted 4.5% year on year in September, after rising 5.1% in August, the Central Statistics...

Automotive

VW stops making Golf in Brussels

Volkswagen is to stop building its Golf model in Brussels, with the expected loss of up to 4,000 jobs....

Automotive

Toyota models trail in crash-safety study; Honda, Subaru at Top

Toyota Motor Corp., whose vehicles earn top marks for buyer satisfaction, has more models than any other automaker ranked at...

Automotive

Kia to build small SUV at Slovakia plant by end 2007

South Korea's second-largest automaker, said it will add a small sport-utilityvehicle model by the end of next year at its...

Automotive

Maxon Motor to set up €2 mln unit in Hungary

The world's leading supplier of high-precision drive systems, Maxon Motor, is to build a new 3,000 square meter production facility...

Automotive

Slovak koruna touches record as economic growth beats forecasts

The Slovak koruna surged to a record against the euro after a government report showed the economy expanded faster than...

Automotive

Hungary’s industrial output up adjusted 11.8% yr/yr in September

Hungary's industrial output rose a working day adjusted 11.8% year on year in volume terms in September, the Central Statistics...

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...