Automotive

Automotive

AutoWallis Group to Remain Opel Importer in Hungary, 3 CEE Countries

Opel has again chosen the AutoWallis Group’s subsidiary, AutoWallis Distribution, to act as wholesale distributor for the Opel brand in...

Automotive

Magyar Suzuki: On the Road Towards Being a Smart Plant

The daily production capacity at Magyar Suzuki’s Esztergom factory has been raised almost 65 times from its launch in 1992...

Automotive

BYD Holds 1st Customer Delivery Ceremony in Hungary

China's BYD, the world's biggest electric vehicle maker, held a first customer delivery ceremony in Budapest on Friday, according to...

Automotive

Rába Earnings Fall as Margins Squeezed

After-tax profit of Hungarian automotive industry company Raba fell 27% to HUF 1.2 billion in 2023 as costs climbed, an...

Automotive

Transformation of Driving Habits: 25-30% More People Used Carsharing in 2023

Three domestic carsharing providers, GreenGo, Wigo (known as Share Now) and MOL Limo, have collectively driven more than 70 million...

Automotive

Stellantis Aims to Start Production of EDMs in Hungary in Late 2026

Stellantis targets the start of production of electric drive modules (EDMs) at its plant in Szentgotthárd late in 2026, the...

Automotive

AutoWallis Marks 5th Anniversary on BSE

Executives of car seller AutoWallis ceremoniously rang the opening bell of the Budapest Stock Exchange yesterday to mark the fifth...

Automotive

Online Car Shopping Popularity Grows, but Dealerships Retain Importance

Almost everyone now searches online when buying a new car, but the majority still sign a contract at a dealership,...

Automotive

German Carmakers Part of Chinese Firms’ Attraction to Hungary – Szijjártó

Minister of Foreign Affairs and Trade Péter Szijjártó pointed to the role German car makers have played in making Hungary...

Automotive

80,000-plus Vehicles With Green License Plates

According to the January 2024 data series, more than 88,000 EVs and hybrids are driving in Hungary with light green...

Automotive

4 Millionth Suzuki Rolls off Esztergom Production Line

The four millionth car manufactured at the Magyar Suzuki plant in Esztergom, a Vitara with an ivory-cosmic black pearl metallic...

Automotive

Used Car Imports Climb in January

The number of imported used cars registered in Hungary rose 13% year-on-year to 9,243 in January, listings site JoAutok.hu said...

Automotive

Primary Owner Supports AutoWallis Growth With Capital Increase of HUF 5.7 bln

The primary owner is supporting AutoWallis’s plans for international growth with a capital increase of HUF 5.7 billion, strengthening the...

Automotive

Construction of BMW Plant in Hungary ‘Progressing Well’

Minister of Foreign Affairs and Trade Péter Szijjártó met with Milan Nedeljkovic, the management board member in charge of production...

Automotive

Used Car Sales Edge Down to 821,000 in 2023

Used car sales in Hungary edged down half a percent close to 821,000 last year, listings site JoAutok.hu said on...

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...