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

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...

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,...

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...

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...

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,...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...