Automotive

Automotive

Ford to invest £1 bln on green cars

Ford Motor Co. will invest £1 billion over the next six years on U.K. research and development to improve the...

Automotive

New car sales up 3.1% yr/yr in first half

Hungarian car dealerships sold 97,609 new cars and sports utility vehicles in the first half of 2006, 3.1% more than...

Automotive

May industrial output up preliminary 7.4% yr/yr

Hungary's industrial output was up 7.4% in the twelve months from May 2005 according to workday-adjusted preliminary figures, and rose...

Automotive

Hungary’s economic growth accelerates in Jan-Apr

Hungary's GDP growth accelerated to 4.6% in the first quarter of the year from 4.3% in Q4 2005 and 3.2%...

Automotive

Zoltek completes first phase of Ft 20 bln expansion at Hungarian plant

US carbon fiber maker Zoltek completed the first phase of a Ft 20 billion investment at its plant in Nyergesújfalu,...

Automotive

MÁV-Tiszavas receives €9 mln order

Wagon manufacturer MÁV-Tiszavas Kft has received a €9 million order from Austrian train company ÖBB, logistics manager Lajos Bene told...

Automotive

April industrial output up preliminary 6.8% yr/yr

Hungary's industrial output fell 0.4% in April from March according to seasonally and workday-adjusted figures and was up 6.8% in...

Automotive

PM announces ministry layoffs

Staff cuts of over 20% are planned for Hungary's ministries this year as part of a general overhaul of state...

Automotive

Investment volume in Hungary up 9.7% yr/yr in Q1

Investment volume in Hungary rose 9.7% in January-March 2006 from a year earlier, according to preliminary figures published by the...

Automotive

Linamar Q1 net profits jump 84.1% yr/yr

Farm machinery and vehicle parts maker Linamar Rt had net profit of Ft 368 million (€1.4 million) in the first...

Automotive

March industrial output up preliminary 11.3% yr/yr

Hungary's industrial output rose 1.5% in March from February according to seasonally and workday-adjusted figures and was up 11.3% 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...