Automotive

Automotive

Dana to Invest HUF 36 bln in Capacity Expansion in Hungary

U.S.-based automotive industry supplier Dana is investing HUF 36 billion at its base in Győr (108 km northwest of Budapest),...

Automotive

Used Car Imports Over 9,000 in May

The number of imported used cars registered in Hungary reached 9,234 in May, climbing 13% from April, but falling 25%...

Automotive

GreenTech Returns to ZalaZone for 4th Time to Talk Energy Matters

Sustainability conference GreenTech will hold its fourth annual conference on May 25-26. Returning to Hungary’s ZalaZone Vehicle Test Track, the...

Automotive

Continental’s Hungarian R&D Hubs Drive Cars Towards Safer Future

Continental Hungary is at the forefront of efforts to make driving safer, with several operations nationwide offering artificial intelligence-fueled software...

Automotive

The One-way Street of Continuous Self-Reinvention

As automotive whooshes semi-silently toward an electric future, stakeholders must keep pace with constantly changing market conditions and regulations. A...

Automotive

Motorists Pay HUF 50,859 in Vehicle Insurance Premiums

Hungarian motorists paid HUF 50,859 for their annual compulsory vehicle insurance premium, on average, in the first quarter, 9% more...

Automotive

AutoWallis Closes Q1 With Strong Results

The revenue of the AutoWallis Group, present in 15 countries in the region, has increased by 74% to HUF 100.5...

Automotive

Rába Closes Q1 With Profit of HUF 1 bln

Hungarian automotive industry company Rába booked a first-quarter profit of HUF 1 billion, an earnings report released after the closing...

Automotive

Mercedes-Benz Hungary Unit Turnover Climbs to EUR 4 bln in 2022

Revenue of German car maker Mercedes-Benz's local unit rose to EUR 4 billion last year from EUR 3.1 bln in...

Automotive

AutoWallis Group Launches Campaign for Safe Driving

Wallis Motor, a member of the AutoWallis Group, has launched a campaign in partnership with the Budapest Police Headquarters to...

Automotive

Used Car Sales Edge Down 1% in April

Used car sales in Hungary slipped 1% year-on-year to 66,992 in April, listings site JoAutok.hu said on Thursday, citing figures...

Automotive

China’s Eve Power to Build HUF 400 bln Battery Plant in Hungary

China's Eve Power, the ninth-biggest battery maker in the world, will invest around HUF 400 billion in its first plant...

Automotive

BMW Group Plant Debrecen Launches 3-year Vocational Program

BMW Group Plant Debrecen (225 km east of Budapest) will launch a three-year dual vocational training program in September, plant...

Automotive

Monthly Used Car Sales Over 70,000 for 1st Time Since August

Used car sales in Hungary reached 72,300 in March, climbing over the 70,000 threshold for the first time since August,...

Automotive

AutoWallis Car Sales Climb 86% in Q1

Listed car seller AutoWallis's vehicle sales rose 86% to 13,800 in the first quarter from the same period a year...

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...