Automotive

Automotive

AutoWallis to use record profits to continue growth strategy

AutoWallis’ general meeting has decided to allow treasury share purchases, authorized capital increases, and passed resolutions on how to utilize...

Automotive

NAV busts tire import tax dodgers

The National Tax and Customs Administration (NAV) has apprehended a criminal gang involved in the tire trade, writes hrportal.hu....

Automotive

Local automakers feeling squeeze

The operations of Hungary's biggest automakers have been impacted by the global chip shortage, a parts squeeze due to the...

Automotive

Rába issues profit warning

Listed automotive industry company Raba said late Wednesday that it could report a consolidated first-quarter operating loss of "nearly HUF...

Automotive

AutoWallis’s vehicle sales increased by 11% y.o.y. in Q1

Compared to the same period last year, AutoWallis Group sold 11% more vehicles in the first quarter (a total of...

Automotive

Sales of electric cars in Poland increases

The electromobility counter in Poland exceeded 40,000 vehicles, and since the beginning of this year the number of new registrations...

Automotive

Imports of used cars accelerating

Some 12,830 used cars were registered in Hungary in March, 8% more than in February and 22% more than in...

Automotive

Q1 new auto registrations fall 11% y.o.y.

In the first quarter of this year, 28,690 new passenger cars were placed on the market in Hungary, 11% less...

Automotive

AutoWallis, Salvador Caetano to buy Renault Hungária

AutoWallis Plc. is purchasing Renault Hungária Kft. in cooperation with the Portuguese Salvador Caetano Group, thus attaining exclusivity for sales...

Automotive

AutoWallis closes 2021 with record profits

The AutoWallis Group closed 2021 with profits significantly exceeding its own plans and an EBITDA of HUF 7.8 billion, despite...

Automotive

Duna Autó to sell MG cars in Hungary

Duna Autó will start selling MG cars in Hungary from Q3 2022, the car seller's importer unit Duna Motors Disztribúció...

Automotive

Kravtex-Kühne inaugurates HUF 2 bln expansion 

Hungary's Kravtex-Kühne group inaugurated a HUF 2 billion expansion at its bus plant in Mosonmagyaróvár (160 km northwest of Budapest),...

Automotive

Audi Hungaria to turn out Cupra SUV model from 2024

The local unit of German carmaker Audi will start production of an SUV model of the Volkswagen group's Cupra brand...

Automotive

Automotives Prepare for Greener Future, Face Serious Supply Issues

The Hungarian automotive sector is undergoing a significant transformation, with more environmentally friendly and sustainable vehicle manufacturing on the rise....

Automotive

Audi Hungaria revenue edges higher in 2021

Revenue of the local unit of German carmaker Audi rose 2.6% to EUR 7.717 billion last year, while its after-tax...

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...