Automotive

Automotive

Audi Hungaria management, unions agree on 9% pay rise

The management of Audi Hungaria reached an agreement with unions on Friday on a 9% pay rise, effective July 1,...

Automotive

Incentives Boost E-car Adoption but Raise tax Uncertainties

Incentives and benefits created to bolster the broader adoption of electric vehicles are helping lift sales. But as rules and...

Automotive

Mercedes-Benz to invest HUF 400 bln at plant in Hungary

German carmaker Mercedes-Benz will spend HUF 400 billion to add new production lines at its base in Kecskemét, Minister of...

Automotive

Domestic used car market sets new H1 record

Nearly 432,000 cars changed hands in the domestic used car market in the first half of the year, according to...

Automotive

AutoWallis registers record sales in all areas

The AutoWallis Group is breaking records in all of its business segments, with 60% of last year's total annual vehicle...

Automotive

Hungary issues 53,000 green license plates

Hungary has issued more than 53,000 green license plates for fully electric and hybrid vehicles, the Ministry of Technology and...

Automotive

Magyar Suzuki Hopes to Increase Auto Production Significantly

Magyar Suzuki finished last year behind its financial plan but managed to increase overall and domestic sales. This year, it...

Automotive

Volvo Cars to establish EV plant in Slovakia

Volvo has decided to invest around EUR 1.2 billion to establish a third electric vehicle (EV) manufacturing plant in Europe...

Automotive

Sixt opens new technical base next to the airport

Sixt, a member of the AutoWallis Group, has opened its new technical base in Vecsés, near Budapest Ferenc Liszt International...

Automotive

Audi to build HUF 120 bln electric drive plant in Hungary

German carmaker Audi will add a HUF 120 billion electric drive plant at its base in Győr, Minister of Foreign...

Automotive

Share Now fleet expanding to 500 cars from July

From July, car-sharing company Share Now will operate with 500 cars in Budapest, making it the largest car-sharing fleet in...

Automotive

Czech car production up by 12% in May

Car production in the Czech Republic increased by 12.8% year-on-year in May to 120,186 vehicles, according to data released by...

Automotive

Annual compulsory vehicle insurance premiums down 0.4%

Hungarian motorists' annual compulsory vehicle insurance premiums inched down 0.4% year-on-year in the first quarter on a steep drop in...

Automotive

Gloster wins EUR 700,000 Audi contract

Listed Hungarian IT company Gloster on Tuesday said it won a EUR 700,000 software development contract from German car maker...

Automotive

Rába Posts HUF 570 mln Loss in Q1, Pays no Dividend on 2021 Earnings

Hungary’s majority state-owned listed manufacturer Rába Automotive Group (Rába Járműipari Holding Nyrt.) posted a loss of HUF 570 million after...

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...