Automotive

Automotive

Toyota, Fiat lead first European sales gain since May

Toyota Motor Corp., Fiat SpA and PSA Peugeot Citroen last month led the first gain in European car sales since...

Automotive

Waberer’s plans Ft 1 bln warehouse at BILK

Hungarian logistics company Waberer's Holding Zrt plans to build a Ft 1 billion, 9,600 square meter warehouse at the Budapest...

Automotive

Spain’s Segura buys plot in Szolnok to build €10 mln plant

Spain's Segura has purchased almost ten hectares in the Szolnok industrial park, where it plans to build a €10 million...

Automotive

Forint may advance after govt. agrees tax concession

The forint may gain on speculation overseas investors won't be deterred from investing in Hungary after the government said it...

Automotive

BMW’s October sales increase, helped by new 3-series models

Bayerische Motoren Werke AG, the world's largest luxury carmaker, said worldwide sales rose last month as demand for BMW-brand vehicles...

Automotive

Hungary’s September industrial output up preliminary adjusted 11.6% yr/yr

Hungary's industrial output rose 3.1% in September from August in volume terms according to seasonally- and working day-adjusted figures and...

Automotive

DaimlerChrysler’s Mercedes lifts European carmakers’ US sales

DaimlerChrysler AG's Mercedes boosted US sales by 12% in October, helped by demand for models including its R-class crossover vehicle,...

Automotive

Suzuki shares gain after raising forecast on higher car demand

Shares of Suzuki Motor Corp., Japan's biggest minicar maker, rose as much as 3% after the company raised its full-year...

Automotive

EBRD to invest €30 mln for Volkswagen Russian plant stake

The EBRD plans to invest €30 million ($38 million) in exchange for a 20% stake in Volkswagen's plant in Russia...

Automotive

Registered unemployment down 4.9% yr/yr in October

The number of registered unemployed was 377,046 in October, down 4.9% year on year and 0.3% less than in September,...

Automotive

Volkswagen begins construction of car assembly plant in Russia

„With the production in Russia, the company has the possibility to profit from the rapid growth in the Russian automobile...

Automotive

WTO to rule on US, EU complaint on China’s auto-parts duties

The World Trade Organization agreed to examine China's duties on imported car parts in the first case against the Asian...

Automotive

Suzuki may beat Daihatsu by giving up minicar lead

Suzuki will make 5.1% fewer minicars in Japan this fiscal year to focus on selling more profitable compact vehicles 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...