Automotive

Automotive

Rába Profit Falls on Slimmer Margins, Financial Loss

Hungarian automotive industry company Raba's after-tax profit fell 51% to HUF 0.6 billion last year, an earnings report published after...

Automotive

Audi Hungaria Spins off Shared Services

Audi Hungaria established a subsidiary to provide purchasing, finance, and IT services for the Volkswagen group on Friday, according to...

Automotive

AutoWallis Closes Nelson Group Fleet Management Division Acquisition

After the Hungarian Competition Authority (GVH) granted its approval, AutoWallis' acquisition of the Nelson Group’s fleet management division has been...

Automotive

Electric, Hybrid Vehicles to Take the Lead in Europe Within 4 Years

Sales of electric and plug-in hybrid cars in Europe will surpass sales of those equipped with other engine types by...

Automotive

Mercedes-Benz Manufacturing Hungary Workers Get Profit-Sharing Bonus

Workers at German car maker Mercedes-Benz's plant in Kecskemét (82 km southeast of Budapest) will get a gross HUF 870,000...

Automotive

Investment Prospects from China to Lift Automotive Sector in 2023

2023 comes with a challenging outlook, and the automotive industry seems likely to remain vulnerable to economic headwinds. However, for...

Automotive

Das WeltAuto Used Car Sales Fall to 6,278 in 2022

Das WeltAuto sold 6,278 cars last year, down from 7,442 in 2021, the used car business of Volkswagen importer Porsche...

Automotive

BMW Group Sales in Hungary Climb 18% in 2022

BMW Group's new car sales in Hungary rose 18% to 5,267 last year, even as the market as a whole...

Automotive

AutoWallis Group Closed 2022 With Record Sales

Sales of the AutoWallis Group set new records in all the group's divisions and areas in 2022, according to a...

Automotive

Audi Hungaria Engine Output Climbs to 1,677,545 in 2022

The local unit of German car maker Audi produced 1,677,545 engines at its plant in Győr (108 km northwest of...

Automotive

Toyota Takes 11.7% Market Share in Hungary

Toyota brand dealerships sold 15,102 passenger cars and light commercial vehicles in Hungary last year, giving the Japanese car maker...

Automotive

Erste: Margin Doubling Causing Fuel Price Increase

It is not oil, nor oil products, nor the exchange rate that explains the increase in fuel prices in Hungary,...

Automotive

Number of New Motorcycles up 13% y.o.y.

The number of new motorcycles sold in Hungary increased by nearly 13% in 2022, thus continuing an upward trend that...

Automotive

Greenline Premium Car Wash to Open at Academia

With the Academia project, ConvergenCE will be the first to obtain the Belváros Well Platinum certification. One of the important...

Automotive

Imported Used Car Registrations Fall 4.6% in 2022

The number of imported used cars registered in Hungary fell 4.6% to 126,094 last year, listings site JoAutok.hu said on...

Automotive

Rába Profit Falls on Slimmer Margins, Financial Loss

Hungarian automotive industry company Raba's after-tax profit fell 51% to HUF 0.6 billion last year, an earnings report published after...

Automotive

Audi Hungaria Spins off Shared Services

Audi Hungaria established a subsidiary to provide purchasing, finance, and IT services for the Volkswagen group on Friday, according to...

Automotive

AutoWallis Closes Nelson Group Fleet Management Division Acquisition

After the Hungarian Competition Authority (GVH) granted its approval, AutoWallis' acquisition of the Nelson Group’s fleet management division has been...

Automotive

Electric, Hybrid Vehicles to Take the Lead in Europe Within 4 Years

Sales of electric and plug-in hybrid cars in Europe will surpass sales of those equipped with other engine types by...

Automotive

Mercedes-Benz Manufacturing Hungary Workers Get Profit-Sharing Bonus

Workers at German car maker Mercedes-Benz's plant in Kecskemét (82 km southeast of Budapest) will get a gross HUF 870,000...

Automotive

Investment Prospects from China to Lift Automotive Sector in 2023

2023 comes with a challenging outlook, and the automotive industry seems likely to remain vulnerable to economic headwinds. However, for...

Automotive

Das WeltAuto Used Car Sales Fall to 6,278 in 2022

Das WeltAuto sold 6,278 cars last year, down from 7,442 in 2021, the used car business of Volkswagen importer Porsche...

Automotive

BMW Group Sales in Hungary Climb 18% in 2022

BMW Group's new car sales in Hungary rose 18% to 5,267 last year, even as the market as a whole...

Automotive

AutoWallis Group Closed 2022 With Record Sales

Sales of the AutoWallis Group set new records in all the group's divisions and areas in 2022, according to a...

Automotive

Audi Hungaria Engine Output Climbs to 1,677,545 in 2022

The local unit of German car maker Audi produced 1,677,545 engines at its plant in Győr (108 km northwest of...

Automotive

Toyota Takes 11.7% Market Share in Hungary

Toyota brand dealerships sold 15,102 passenger cars and light commercial vehicles in Hungary last year, giving the Japanese car maker...

Automotive

Erste: Margin Doubling Causing Fuel Price Increase

It is not oil, nor oil products, nor the exchange rate that explains the increase in fuel prices in Hungary,...

Automotive

Number of New Motorcycles up 13% y.o.y.

The number of new motorcycles sold in Hungary increased by nearly 13% in 2022, thus continuing an upward trend that...

Automotive

Greenline Premium Car Wash to Open at Academia

With the Academia project, ConvergenCE will be the first to obtain the Belváros Well Platinum certification. One of the important...

Automotive

Imported Used Car Registrations Fall 4.6% in 2022

The number of imported used cars registered in Hungary fell 4.6% to 126,094 last year, listings site JoAutok.hu said on...

Rába Profit Falls on Slimmer Margins, Financial Loss

Hungarian automotive industry company Raba's after-tax profit fell 51% to HUF 0.6 billion last year, an earnings report published after...

Audi Hungaria Spins off Shared Services

Audi Hungaria established a subsidiary to provide purchasing, finance, and IT services for the Volkswagen group on Friday, according to...

AutoWallis Closes Nelson Group Fleet Management Division Acquisition

After the Hungarian Competition Authority (GVH) granted its approval, AutoWallis' acquisition of the Nelson Group’s fleet management division has been...

Electric, Hybrid Vehicles to Take the Lead in Europe Within 4 Years

Sales of electric and plug-in hybrid cars in Europe will surpass sales of those equipped with other engine types by...

Mercedes-Benz Manufacturing Hungary Workers Get Profit-Sharing Bonus

Workers at German car maker Mercedes-Benz's plant in Kecskemét (82 km southeast of Budapest) will get a gross HUF 870,000...

Investment Prospects from China to Lift Automotive Sector in 2023

2023 comes with a challenging outlook, and the automotive industry seems likely to remain vulnerable to economic headwinds. However, for...

Das WeltAuto Used Car Sales Fall to 6,278 in 2022

Das WeltAuto sold 6,278 cars last year, down from 7,442 in 2021, the used car business of Volkswagen importer Porsche...

BMW Group Sales in Hungary Climb 18% in 2022

BMW Group's new car sales in Hungary rose 18% to 5,267 last year, even as the market as a whole...

AutoWallis Group Closed 2022 With Record Sales

Sales of the AutoWallis Group set new records in all the group's divisions and areas in 2022, according to a...

Audi Hungaria Engine Output Climbs to 1,677,545 in 2022

The local unit of German car maker Audi produced 1,677,545 engines at its plant in Győr (108 km northwest of...

Toyota Takes 11.7% Market Share in Hungary

Toyota brand dealerships sold 15,102 passenger cars and light commercial vehicles in Hungary last year, giving the Japanese car maker...

Erste: Margin Doubling Causing Fuel Price Increase

It is not oil, nor oil products, nor the exchange rate that explains the increase in fuel prices in Hungary,...

Number of New Motorcycles up 13% y.o.y.

The number of new motorcycles sold in Hungary increased by nearly 13% in 2022, thus continuing an upward trend that...

Greenline Premium Car Wash to Open at Academia

With the Academia project, ConvergenCE will be the first to obtain the Belváros Well Platinum certification. One of the important...

Imported Used Car Registrations Fall 4.6% in 2022

The number of imported used cars registered in Hungary fell 4.6% to 126,094 last year, listings site JoAutok.hu said on...