Automotive

Automotive

Audi restarts shifts after supply chain pressure eases

German carmaker Audi's base in Hungary will operate with three shifts again from Monday, after reducing the number to just...

Automotive

SK Innovation to build USD 2.3 bln EV battery plant in Hungary

South Korea's SK Innovation will build a USD 2.3 billion electric vehicle battery plant in Hungary, its third in the...

Automotive

BorgWarner, Jabil to invest in Hungarian operations

U.S. automotive industry companies BorgWarner and Jabil will invest a combined HUF 12bn at their bases in Hungary, Minister of...

Automotive

Avg used car price in Hungary climbs 25% in 2020

The average price motorists paid for a used car in Hungary rose 25% to HUF 3,110,000 last year, used car...

Automotive

BMW sales fell 5% last year

BMW brand sales in Hungary fell 5% last year, well under the close to 19% drop in overall new car...

Automotive

Continental to open new factory in Serbia’s Novi Sad in early March

In early March, the German company Continental is opening a new factory of automotive electronics in Novi Sad, worth EUR...

Automotive

Vehicle, engine production grows at Audi

Vehicle and engine production grew at German carmaker Audi's plant in Hungary last year, Audi Hungária communications director Mónika Czechmeister...

Automotive

Ford strengthens market share in Hungary in 2020

Ford strengthened its market share in Hungary to 12.5% in 2020 thanks to strong performance in the commercial vehicles segment...

Automotive

Suzuki market leader in Hungary for 5th year running

Sales of new Suzuki passenger cars in Hungary reached 14,783 last year, giving the Japanese company 11.55% market share, Magyar...

Automotive

Debrecen ‘focal point’ for BMW electromobility strategy

BMW's plant in Debrecen "will be the focal point for BMW's electromobility-based strategy in future", Minister of Foreign Affairs and...

Automotive

Apollo Tyres spends HUF 4.4 bln to upgrade, broaden production palette in Hungary

India's Apollo Tyres is spending HUF 4.4 billion to upgrade its passenger car tire production lines and widen its product...

Automotive

Daimler invests HUF 50 bln to make fully-EV cars in Hungary

German carmaker Daimler will invest HUF 50 billion at its plant in Kecskemét to add fully electric vehicles to the...

Automotive

Mercedes-Benz Manufacturing Hungary management, unions seal wage deal

Management and unions of Mercedes-Benz Manufacturing Hungary have reached an agreement that will raise base pay at the plant in...

Automotive

Serial production of Audi Q3 plug-in hybrid starts in Hungary

The local unit of German carmaker Audi has started serial production of the Audi Q3 plug-in hybrid at its plant...

Automotive

Continental investing HUF 25.6 bln at plants in Hungary

German automotive industry supplier Continental will spend HUF 25.6 billion to install production lines for next-generation vehicle electronics at its...

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...