Automotive

Automotive

Acquisitions boost AutoWallis’ H1 sales 309%

Acquisitions made last year, as well as organic growth, boosted listed car seller AutoWallis' sales in the first half, the...

Automotive

Automotive sector output up 81.1% y.o.y. in May

The output of Hungary's automotive sector, which accounts for the biggest share of manufacturing in the country, rose 81.1% year-on-year...

Automotive

AutoWallis plans public raising of capital equal to HUF 4-6.5 bln

In line with its earlier plans, AutoWallis is planning to raise between HUF 4-6.5 bln in institutional and retail capital...

Automotive

AutoWallis planning green bond issue

AutoWallis Plc. is the first company listed in the Premium Category of the Budapest Stock Exchange to develop a Green...

Automotive

AutoWallis, ALTEO sign coop deal to coordinate e-mobility services

ALTEO and AutoWallis have concluded a strategic cooperation agreement to coordinate their e-mobility-related services in the future, with the deal...

Automotive

New car registrations rise 10% in June

New passenger car registrations rose 10% year-on-year to 11,361 in June, the Hungarian Vehicle Importers Association (MGE) said on Thursday,...

Automotive

Robert Bosch Hungary develops EV motor cooling system

Robert Bosch Energy and Body Systems developed a cooling pump and motor cooling fan for electric vehicles with its consortial...

Automotive

Magyar Suzuki produces 112,475 vehicles in 2020

In 2020, a total of 112,475 vehicles rolled off the production line at Magyar Suzuki Esztergom plant, with hybrid cars...

Automotive

Recovery of used car market continues in May

A total of 323,000 used cars were sold in Hungary in January-May 2021, which is just 1% below the number...

Automotive

Romania’s Dacia to enter Australian market

The Romanian automobiles Dacia will be sold in Australia through the Renault importer on the local market - Ateco Group,...

Automotive

Continental spends HUF 4.2 bln to expand R&D in Hungary

German-owned Continental Automotive Hungary is spending HUF 4.2 billion to expand its research and development centers, Minister of Foreign Affairs...

Automotive

Hungary ‘Well Placed’ to Become an Automotive Innovation Hub

The Budapest Business Journal discusses the ongoing importance of the automotive sector to the local economy with the Hungarian Investment...

Automotive

‘Beauty, Performance, and Pedigree’: the Kincsem Hyper GT

A Swiss-Hungarian-U.K. project to create the ultimate sports car of tomorrow has reached back into Hungary’s history to draw on...

Automotive

Audi, Suzuki Motor on Despite Chip Shortage

The global semiconductor supply shortage has not affected production at two of Hungary’s most established OEMs, Magyar Suzuki and Audi...

Automotive

Automotive Sector Within the Scope of Planned NIS II Cybersecurity Rules

The current EU cybersecurity directive (Directive on Security of Network and Information Systems, or NIS I) has been revised by...

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...