Automotive

Automotive

Thyssenkrupp Tops out HUF 15 bln Expansion in Hungary

Germany's Thyssenkrupp topped out a HUF 15 billion expansion at its power steering systems plant in Jászfényszaru (52 km east...

Automotive

Automotive Industry Output up 16.6% y.o.y. in July

The output of the automotive industry, Hungary's most significant manufacturing sector, rose 16.6% year-on-year in July, according to a detailed...

Automotive

Introducing the Brand New Nissan X-Trail

The next installment of Nissan's electrified product offensive is spearheaded by the regional premiere of the all-new, fourth-generation X-Trail....

Automotive

Duna Motors to Begin Selling MG Vehicles in 22 Dealerships

Duna Motors Disztribúció Kft, the Hungarian importer of the iconic British car brand Morris Garages, announced that it will officially...

Automotive

Halms Building EUR 40 mln EV Parts Plant in Debrecen

Chinese-owned Halms Hungary will build a more than EUR 40 million electric vehicle parts plant in Debrecen (225 km east...

Automotive

GVH Clears AutoWallis, Partner’s Acquisition of Renault Hungária

The Hungarian Competition Authority (GVH) has consented to AutoWallis Caetano Holding Zrt., founded by the AutoWallis Group and its Portuguese...

Automotive

Used Car Imports Fall Under 10,000 in Aug

The number of used cars imported to Hungary dropped 11% year-on-year to 9,701 in August, listings site JoAutok.hu said on...

Automotive

AutoWallis Closes H1 With Strong Growth

In the first half, the growth of AutoWallis’s profits exceeded even its 34% increase in revenue, leading the listed vehicle...

Automotive

Average Age of Cars in Hungary Surpasses 15 Years

The average age of cars in Hungary climbed to 15.1 years by the end of H1 2022 from 14.8 years...

Automotive

Kia Leads Hungary EV market

South Korea's Kia led Hungary's electric vehicle market in the first half of the year, selling 321 cars to give...

Automotive

Rába Books H1 Loss as Margins Narrow, Financial Loss Weighs

Hungarian automotive industry company Rába booked a first-half loss of HUF 252 million as inflation squeezed margins and financial losses...

Automotive

HUF 800 mln Awarded in EV Subsidies

Some HUF 800 million in subsidies for the purchase of bicycles with auxiliary electric motors has been awarded to 57,774...

Automotive

Hungarians Among Least Trustful of Used Car Dealers

Buyers trust used car sellers the least in Bulgaria, followed by Hungary, Lithuania and Estonia, according to a survey with...

Automotive

Used Car Market: Almost Half a Million Sales in Jan-Jul

According to preliminary data from DataHouse, 498,800 cars had changed hands in the domestic used car market by the end...

Automotive

Nio to build HUF 5.5 bln battery swap station plant in Hungary

Chinese automotive industry company Nio on Friday announced plans to build a HUF 5.5 billion battery swap station plant 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...