Automotive

Automotive

Automotive Industry Output up 4.9% y.o.y.

The output of the automotive industry, Hungary's biggest manufacturing sector, rose 4.9% year-on-year in October, accelerating from a 1.2% increase...

Automotive

2023: A Year of Developments for Magyar Suzuki

2023 was an eventful year for Magyar Suzuki, bringing numerous successes. All of this is due to the organizational and...

Automotive

EV Support Could Start in February

The program to support the purchase of electric vehicles by businesses could start in February, the Ministry of Energy Affairs...

Automotive

EV Demand Constantly Growing

The demand for electric vehicles is constantly growing in Hungary, writes profitline.hu. According to the latest statistics of the Ministry...

Automotive

BorgWarner Investing HUF 25 bln in Oroszlány

U.S. automotive industry supplier BorgWarner will invest HUF 25 billion at its base in Oroszlány (70 km west of Budapest),...

Automotive

Motorists Pay HUF 52,599 in Annual Vehicle Insurance Premiums

Hungarian motorists paid almost HUF 52,500 for their annual compulsory vehicle insurance premiums, on average, in the third quarter, according...

Automotive

Border Austrians Flocking to Hungary for Cheaper Driving Lessons

Austrians have been flooding Hungarian towns close to the Hungarian–Austrian border to get cheaper driving lessons, according to Blikk....

Automotive

AutoWallis Exceeds Entire 2022 Revenue, Profit in 9 Months

The AutoWallis Group has continued its growth in the first nine months of the year, having exceeded last year’s revenue...

Automotive

Hankook Tire to Invest HUF 210 bln at Plant in Hungary

South Korea's Hankook Tire will invest HUF 210 bln to add bus and truck tyre capacity at its base in...

Automotive

Used Car Sales Rise 8% in October

Used car sales in Hungary rose 8.1% year-on-year to 73,700 in October, listings site JoAutok.hu said on Wednesday, citing figures...

Automotive

Audi Hungaria’s Dintner Given Hungarian Order of Merit

Alfons Dintner, the chairman of Audi Hungaria, was presented with the Knights Cross of Hungarian Order of Merit by Minister...

Automotive

Half of Hungarians Use 16-plus Year Old Autos

Some 51% of Hungarian car owners use a car 16 years or older, which they bought for between HUF 1...

Automotive

Audi Launches Production of New E-motor Generation in Győr

German carmaker Audi launched the production of electric motors for its Premium Platform Electric (PPE) at the Audi Hungaria base...

Automotive

OMV Setting up 28 EV Chargers in Hungary

OMV Hungária Ásványolaj Kft. has announced that the company will start the setup of a network of 28 EV charging...

Automotive

BMW Inaugurates Training Center at Debrecen Plant

German automaker BMW inaugurated a training center at the EUR 1 billion factory it is building in Debrecen (225 km...

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...