Automotive

Automotive

Rába Profit Falls on Slimmer Margins, Financial Loss

Hungarian automotive industry company Raba's after-tax profit fell 51% to HUF 0.6 billion last year, an earnings report published after...

Automotive

Audi Hungaria Spins off Shared Services

Audi Hungaria established a subsidiary to provide purchasing, finance, and IT services for the Volkswagen group on Friday, according to...

Automotive

AutoWallis Closes Nelson Group Fleet Management Division Acquisition

After the Hungarian Competition Authority (GVH) granted its approval, AutoWallis' acquisition of the Nelson Group’s fleet management division has been...

Automotive

Electric, Hybrid Vehicles to Take the Lead in Europe Within 4 Years

Sales of electric and plug-in hybrid cars in Europe will surpass sales of those equipped with other engine types by...

Automotive

Mercedes-Benz Manufacturing Hungary Workers Get Profit-Sharing Bonus

Workers at German car maker Mercedes-Benz's plant in Kecskemét (82 km southeast of Budapest) will get a gross HUF 870,000...

Automotive

Investment Prospects from China to Lift Automotive Sector in 2023

2023 comes with a challenging outlook, and the automotive industry seems likely to remain vulnerable to economic headwinds. However, for...

Automotive

Das WeltAuto Used Car Sales Fall to 6,278 in 2022

Das WeltAuto sold 6,278 cars last year, down from 7,442 in 2021, the used car business of Volkswagen importer Porsche...

Automotive

BMW Group Sales in Hungary Climb 18% in 2022

BMW Group's new car sales in Hungary rose 18% to 5,267 last year, even as the market as a whole...

Automotive

AutoWallis Group Closed 2022 With Record Sales

Sales of the AutoWallis Group set new records in all the group's divisions and areas in 2022, according to a...

Automotive

Audi Hungaria Engine Output Climbs to 1,677,545 in 2022

The local unit of German car maker Audi produced 1,677,545 engines at its plant in Győr (108 km northwest of...

Automotive

Toyota Takes 11.7% Market Share in Hungary

Toyota brand dealerships sold 15,102 passenger cars and light commercial vehicles in Hungary last year, giving the Japanese car maker...

Automotive

Erste: Margin Doubling Causing Fuel Price Increase

It is not oil, nor oil products, nor the exchange rate that explains the increase in fuel prices in Hungary,...

Automotive

Number of New Motorcycles up 13% y.o.y.

The number of new motorcycles sold in Hungary increased by nearly 13% in 2022, thus continuing an upward trend that...

Automotive

Greenline Premium Car Wash to Open at Academia

With the Academia project, ConvergenCE will be the first to obtain the Belváros Well Platinum certification. One of the important...

Automotive

Imported Used Car Registrations Fall 4.6% in 2022

The number of imported used cars registered in Hungary fell 4.6% to 126,094 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...