Automotive

Automotive

Arconic-Köfém gets tax benefit for HUF 35 bln capacity expansion

Automotive industry supplier Arconic-Köfém is investing HUF 35 billion in a 17,000 square-meter production hall in Székesfehérvár, (64 km southwest...

Automotive

Audi to launch HUF 6 bln R&D center in Győr

German carmaker Audi will set up a HUF 6.2 billion research and development center at its base in Győr, northwest...

Automotive

Industrial output up 4.8% in 2017, KSH confirms

In December 2017, the volume of industrial output declined by 0.5% year-on-year. Based on working day-adjusted data, production grew by...

Automotive

Car sharing fills a niche in Budapest transport

Recently launched car sharing services in Budapest are experiencing healthy demand on the market. Currently there are two players, and...

Automotive

Industrial output drops slightly in December

In December 2017, the volume of industrial output declined by 0.5% year-on-year, shows a first estimate of monthly data from...

Automotive

MOL launches car sharing service

Hungarian oil and gas company MOL yesterday launched its car sharing service MOL Limo in ten districts of Budapest within...

Automotive

Hungary risks becoming ‘Europe’s junkyard’ for used cars

Hungaryʼs used car market saw record turnover in 2017, as sales climbed 10.9% to 687,991, used car trader Das WeltAuto...

Automotive

Ford calls for stricter regulation of used car sales

New motor vehicle sales have been picking up dynamically in Hungary, with Ford keeping its supremacy on nearly all fronts....

Automotive

More traffic, but less chaos by 2030 – says PwC report

The automotive industry will undergo radical changes by 2030, says a report by professional services firm PwC. The number of...

Automotive

Industrial output up 3.4% in November, KSH confirms

In November 2017, the volume of industrial output rose by 3.4% year-on-year, according to a second, more detailed estimate of...

Automotive

Industrial output growth slows to 3.4% in November

In November 2017, the volume of industrial output rose by 3.4% year-on-year, according to a first estimate of monthly data...

Automotive

Suzuki leads new car sales in Hungary again

New car registrations in Hungary climbed 11% from a year earlier to 10,832 in December 2017. The most popular brand...

Automotive

KSH confirms accelerated industrial output in October

In October 2017, the volume of industrial output rose by 7.6% year-on-year, according to a second estimate of data from...

Automotive

Agriculture delivers ‘average’ performance in 2017

The volume of agricultural output decreased by 6.1% in 2017, with crop production down 8.6% and livestock production 3.2% lower...

Automotive

Industrial output climbs 7.6% in October

Hungaryʼs industrial output rose 7.6% year-on-year in October, the Central Statistical Office (KSH) said in a first reading of monthly...

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...