Automotive

Automotive

Trading in new AutoWallis shares starts on BSE

The newly issued shares of listed car seller AutoWallis are traded in the Premium Category of the Budapest Stock Exchange...

Automotive

39,000 EVs in operation in Hungary

Already 19,000 fully electric and 20,000 rechargeable hybrids, or a total of 39,000 green license plates, have been put into...

Automotive

Car ownership climbs in Hungary

There were 78 passenger cars per 100 households in Hungary last year, up from 54 a decade earlier, consumer durables...

Automotive

AutoWallis considering more acquisitions before yearend

Listed car seller AutoWallis could disclose more acquisition news before the end of the year, CEO Gábor Ormosy said in...

Automotive

Magyar Suzuki’s 1st patent registered, EUR 38.1 mln in investments made in 2020

Having originally started as a weaving factory, Suzuki is now a global leader in automotive, marine engine, and motorcycle manufacturing,...

Automotive

Hankook spending EUR 32 mln on warehouses in Hungary 

South Korean tire maker Hankook is spending more than EUR 32 million on warehouses at its base in Rácalmás (about...

Automotive

AutoWallis raises HUF 10 bln in public share offering

AutoWallis has raised HUF 10 billion in a public share offering closed on November 9, the listed car seller said...

Automotive

BMW to start construction of Hungary plant buildings in 2022

German carmaker BMW will start construction of the first buildings at the site of its plant in Debrecen at the...

Automotive

AutoWallis managers awarded ESOP shares 

Managers of AutoWallis were awarded a total of 16.6 million shares from an employee stock ownership plan (ESOP) launched two...

Automotive

Hybrid, electric car sales in Romania exceed diesel ones in Sept

While this does not reflect the balance on the local Romanian car market yet, more electric and hybrid cars were...

Automotive

TÜV Rheinland to strengthen presence in Hungary

Innovation and Technology Minister László Palkovics agreed with executives of TÜV Rheinland on a strengthening of the testing and certification...

Automotive

MOL restricts sales of AdBlue amid hoarding

Hungarian oil and gas company MOL on Wednesday said it is placing restrictions on sales of AdBlue, a diesel exhaust...

Automotive

AutoWallis public offering starts 

A public offering of shares of listed car seller AutoWallis started on Monday with a price range of HUF 107-122,...

Automotive

Daimler starts serial production of fully-electric models in Hungary

German vehicle maker Daimler launched production of fully-electric cars at its plant in Kecskemét on Friday, according to a report...

Automotive

Hungarian Chief Engineer Driving Automotive Innovation Forward in Munich

While German automotive companies bring plenty of jobs and considerable investment into Hungary, some highly trained Hungarian professionals contribute significantly...

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...