Automotive

Automotive

Automotive manufacturing output up 6.8%

The output of automotive manufacturing, the most significant segment of Hungary's industrial sector, rose 6.8% year-on-year in January, after six...

Automotive

Mercedes-Benz cuts shift in Hungary as deliveries from Ukraine stop

German carmaker Mercedes-Benz is reducing the number of shifts in some areas of its plant in Kecskemét from three to...

Automotive

Magyar Suzuki raises wages by 12%

Magyar Suzuki announced increasing wages at its Esztergom plant by an average of 12% retroactively to January, following consultations with...

Automotive

Ukraine Crisis: Audi Hungaria predicts supply chain problems

Although supplies to customers are currently unaffected, Audi Hungaria Zrt. has told the Budapest Business Journal that it expects the...

Automotive

Ukraine Crisis: War could further affect domestic car production

The car industry has not recovered from the effects of the epidemic but already has another difficulty, as the Russian-Ukrainian...

Automotive

Rába books HUF 1.3 bln profit

Hungarian automotive industry company Rába booked an after-tax profit of HUF 1.3 billion for 2021, improving from a HUF 1...

Automotive

Falling new car sales challenging the leasing market

Domestic new car sales have been steadily declining since H2 2021, mainly due to the recent global chip shortage. The...

Automotive

BMW Debrecen plant development advancing on schedule

Development of BMW Group's EUR 1 billion plant in Debrecen (195 km east of Budapest) is "proceeding according to plan",...

Automotive

Novation Tech announces HUF 1.3 bln base development

Italian-owned Novation Tech, which makes composite parts for the automotive industry, yesterday announced a HUF 1.3 billion development at its...

Automotive

Automotive sector output contracts at faster clip in Dec

The output of automotive manufacturing, the biggest segment of Hungary's industrial sector, declined 19.8% year-on-year in December, after a 15.3%...

Automotive

ZalaZONE control center completed for HUF 350 mln

The control center of the ZalaZONE Automotive Test Track in Zalaegerszeg (215 km southwest of Budapest) has been completed with...

Automotive

Imported used car registrations climb 7% in Jan

The number of imported used cars registered in Hungary rose 7.2% year-on-year to 10,606 in January, listings site JoAutok.hu said...

Automotive

Hungary signs MoU on KAMAZ R&D, production bases

Hungary's Innovation and Technology Ministry has signed a memorandum of understanding with the management of Russian truck maker KAMAZ on...

Automotive

Gov’t signs strategic agreement with Autoliv

Hungary's government signed a strategic cooperation agreement with the local unit of Stockholm-headquartered automotive safety supplier Autoliv yesterday, according to...

Automotive

BMW production in Hungary to start in 2025

German carmaker BMW will start production at a plant in Debrecen (about 195 km east of the capital) in 2025,...

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...