Automotive

Automotive

AutoWallis and Partner to Become Joint Nissan Importers in Moldova as well as Romania

In addition to Romania, AutoWallis has now also obtained distribution rights for Nissan in Moldova together with its Portuguese partner,...

Automotive

Businesses Awarded Subsidies for Purchase of 4,000 EVs

Businesses have been awarded subsidies for the purchase of over 4,000 electric vehicles in the framework of a HUF 30...

Automotive

Slumping EU Demand, Chinese Competition Challenge German Car Giants

German automotive manufacturers Mercedes-Benz and Audi have faced deteriorating business conditions in Hungary, as both firms reported declining revenue and...

Automotive

Magyar Suzuki Net Sales Revenue Falls From High Base

Net sales revenue of the local unit of Japanese car maker Suzuki fell 21% to approximatelyEUR 2.25 billion last year,...

Automotive

AutoWallis Secures CEE Distribution Rights to EV Brand NIO

The AutoWallis Group has secured exclusive distribution rights for the electric NIO brand in the highest potential EV markets of...

Automotive

Mercedes-Benz Hungary Unit Net Sales Revenue Slips in 2024

Net sales revenue of the local unit of German car maker Mercedes-Benz fell EUR 904 million to EUR 4.171 billion...

Automotive

Rába Books Modest Profit in 1st Quarter as Revenue Falls

Listed Hungarian automotive industry company Raba had first-quarter after-tax profit of HUF 21 million, improving from a HUF 191 mln...

Automotive

BYD Strengthens Position on Hungarian EV Market

China's BYD sold 558 electric passenger cars in Hungary in January-April, more than double the number in the same period...

Automotive

AutoWallis Q1 2025 Income Drops 57% to HUF 600 mln

AutoWallis reported a 57% year-on-year drop in net income to HUF 600 million in the first quarter of 2025, according...

Automotive

Gov’t Signs New Strategic Cooperation Agreement With Audi

The government has signed a new strategic cooperation agreement with Audi, Minister of Foreign Affairs and Trade Péter Szijjártó said...

Automotive

Application Deadline for EV Charging Station Financing Extended

The deadline to apply for financing to install electric vehicle charging stations in a scheme launched in the fall has...

Automotive

BYD Signs Cooperation Deal With Vocational Training, Higher Education Institutions

BYD Auto Hungary, the local unit of Chinese EV maker BYD, which is building a plant in Szeged, signed a...

Automotive

AutoWallis Group Opens Its 1st Truck Sales Point and Repair Shop in the Czech Republic

The AutoWallis Group has opened its first Mercedes-Benz Trucks sales point and repair shop, bolstering its presence on the Czech...

Automotive

Autowallis to Use Last Year’s Profits to Support Implementation of Growth Strategy

Shareholders at AutoWallis’s GM approved the company’s 2024 annual accounts, which includes AutoWallis’s 4th Sustainability Report in compliance with the...

Automotive

Hungary Hoping Defense Can Supercharge Automotive

With geopolitical tensions and rearmament in play, defense holds the promise of more business for automotive stakeholders. While demand for...

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...