Automotive

Automotive

Industrial Output Disappoints in November

Following a rebound in October, the volume of Hungary’s industrial production dropped again in November, disappointing analysts who are now...

Automotive

Nestlé Romania to close plant, move production to Hungary

Nestlé Romania  has announced that it will start procedures to close down its production unit in Timisoara by May 2019,...

Automotive

Industrial production increases by 4% in November y.o.y.

The volume of industrial output increased by 4% year-on-year in November 2018. Based on working-day adjusted data, production grew by...

Automotive

Ford sales up 20% in 2018

Sales of U.S. carmaker Ford in Hungary were up 20% in 2018 compared to 2017 and the company expects sales...

Automotive

New car sales up almost 18% in 2018; similar expected in 2019

New passenger car sales in Hungary rose 17.5% to 136,601 last year, according to data from Carinfo.hu cited by state...

Automotive

Hungary farm sector output expands over 3% in 2018

Output of Hungaryʼs agricultural sector grew by 3.1% in 2018, according to a first estimate of the sectorʼs annual performance...

Automotive

Electronics sector helps industrial output growth in October

In October 2018, the volume of industrial output in Hungary grew by 5.9% year-on-year. Based on working day-adjusted data, production...

Automotive

Demand for cheap used cars on the rise, says research

According to fresh research by Hungarian used car website Hasznaltauto.hu, the demand for cars is on the rise, with most...

Automotive

Automotive industry output falls almost 10% in September

Production volume of Hungaryʼs automotive industry declined 9.5% year-on-year in September, a detailed second reading of monthly data released by...

Automotive

Industrial output slips 0.6% in September

Industrial production edged down 0.6% year-on-year in September as there was one more working day in the base period, the...

Automotive

Doosan confirms HUF 32 bln copper foil investment

South Korean conglomerate Doosan has confirmed that it will invest HUF 32 billion in a plant in Tatabánya (W Hungary)...

Automotive

Automotive sector holds back August industrial output growth

In August 2018, the volume of industrial output grew 1.5% year-on-year, according to a first estimate of data from the...

Automotive

New car registrations fall in third quarter

The number of new passenger car registrations in Hungary fell 7.4% year-on-year to 8,888 in the third quarter of 2018,...

Automotive

Hungary signs MoU on vehicle tech with Styria

Hungary and the Austrian state of Styria have signed a memorandum of understanding (MoU) on developing and testing electric and...

Automotive

Gov’t agrees with BMW to support Debrecen investment

An agreement was reached last Friday with executives of BMW on government support for a EUR 1 billion plant the...

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...