Automotive

Automotive

Average age of cars in Hungary continues to grow

The average age of passenger cars in Hungary continued to grow in the first half of 2020, state news wire...

Automotive

Factors Need Tackling Before EV Mass Adoption can Occur

Electric vehicles sales are picking up and the hunger for this green transportation is real. However, technology-wise, EVs need some...

Automotive

Hungaryʼs Hankook Plant a key to European Operations

Hankook Tire began construction of its first (and only) tire making plant in Europe in the village of Rácalmás, near...

Automotive

Tire seller Marso to build HUF 4.6 bln logistics center in Dunaharaszti

Hungarian tire wholesaler Marso will build a HUF 4.6 billion logistics center in Dunaharaszti, on the outskirts of the capital,...

Automotive

MOL to build USD 13 mln bitumen plant in Tatarstan

Hungarian oil and gas company MOL will build a USD 13 million bitumen plant in Tatarstan with a local partner,...

Automotive

Croatia’s Jan-Aug new commercial vehicle registrations fall 34%

Registrations of new commercial vehicles in Croatia fell by 34% year-on-year in the first eight months of 2020, to 5,050,...

Automotive

Continental inaugurates HUF 9.7 bln test track in Hungary

German-owned automotive industry supplier Continental inaugurated a HUF 9.7 billion test track in Veszprém on Thursday, according to a report...

Automotive

Volkswagen in talks to sell Bugatti brand to Croatia’s Mate Rimac

Germany’s Volkswagen Group is holding talks to sell its luxury car brand Bugatti to Croatia’s Mate Rimac, the founder of...

Automotive

AutoWallis picked to become Opel’s importer in Hungary as well

Following three other countries in the region, Opel has chosen AutoWallis to be the importer of the brand in Hungary...

Automotive

Green license plates double in year and a half

The number of green license plates in Hungary has doubled in a year and a half, Gábor Gablini, president of...

Automotive

Hungary to build HUF 60 bln plant to make Lynx armored fighting vehicles

A HUF 60 billion plant will be built in Zalaegerszeg to manufacture the Lynx infantry fighting vehicles in cooperation with...

Automotive

Daimler creates 145 more jobs at Sebeș, in Romania

Germany’s Daimler has announced it has increased the production of gearboxes in its factory at Sebeș (345 km northwest of...

Automotive

EV subsidy increasing by HUF 882 mln

The governmentʼs fund for the purchase of a HUF 5 billion electric vehicles has proved such a success that the...

Automotive

New Passenger Car Registrations Return to 2008 Level

New passenger car registrations in Hungary reached 163,000 in 2019, finally returning to levels last seen in 2008, on the...

Automotive

SHARE NOW lowers fees, adds new subscription plan

Car-sharing company SHARE NOW lowered fees for its smallest cars, and introduced the Pass25 subscription plan in Budapest this month,...

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...