Automotive

Automotive

AutoWallis books H1 loss on narrower margin

Listed car seller AutoWallis had a first-half loss of HUF 773 million as sales margins narrowed, an earnings report released...

Automotive

EBRD and KfW IPEX-Bank support electric car industry in Poland

Two leading European banks are promoting the electric car industry with an investment in a new plant in central Poland...

Automotive

Used car imports increased 13% in July

According to DataHouse, 12,196 imported second-hand cars were put on the domestic market in July, an increase of 13% from...

Automotive

New car registrations down 21% in July

New car registrations in Hungary dropped 21% from a year earlier to 12,045 in July, the Hungarian Association of Vehicle...

Automotive

NNG Prepares for ‘Massive Investment’ in Automotive Cybersecurity

When Martin Pfeifle read last February that researchers had fooled several Tesla cars’ camera systems into accelerating the vehicles from...

Automotive

Domestic new vehicle sales down 5.6% at AutoWallis in H1

Domestic new vehicle sales at AutoWallis fell by 5.6% year-on-year in the first half of 2020, while the groupʼs international...

Automotive

Hungarian car market among least damaged in Europe

In the first half of 2020, 25.3% fewer new cars were sold in Hungary than in the same period of...

Automotive

Cooper Tire launches USD 55 mln upgrade of Serbian factory

Findlay, Ohio-based Cooper Tire & Rubber Company plans to invest USD 55 million in equipment upgrades and the expansion of...

Automotive

Opel turns out 10 millionth engine at Hungary base

French-owned carmaker Opel has turned out the 10 millionth engine at its plant in Szentgotthárd (217 km southwest of Budapest),...

Automotive

AutoWallis to become importer of Opel brand in 3 CEE countries

Automotive company AutoWallis is set to become the importer of the Opel brand in Croatia, Slovenia, as well as in...

Automotive

Magyar Suzuki reaches 3.5 million-vehicle milestone

Japanese carmaker Suzuki marked the production of the 3.5-millionth vehicle - a hybrid Vitara - at its plant in Esztergom...

Automotive

First hybrid rolls off line at Daimler plant in Hungary

Germanyʼs Daimler completed the production of the first hybrid car at its plant in Kecskemét (about 82 km southeast of...

Automotive

Toyo Tires to start building factory in N. Serbia in August

Vladimir Gak, the head of the municipality of Indjija (45 km northwest of Belgrade in northern Serbia, in the autonomous...

Automotive

Daimler plans routine one-week shutdown at Hungary plant

German carmaker Daimler plans to shut down its plant in Kecskemét (about 82 km southeast of the capital) for one...

Automotive

Weekend traffic restrictions for heavy trucks to persist

Weekend traffic restrictions for heavy trucks will be extended into July and August, according to uzletem.hu....

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...