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Automotive sector

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AutoWallis, the Hungarian Importers for Renault

Oct 5, 2022

The acquisition of Renault Hungária has been completed, as part of which the company established by the AutoWallis and Salvador Caetano Groups has gained the exclusive Hungarian import rights for the Renault, Dacia, and Alpine brands. According to a statement published on the website of the Budapest Stock Exchange, AutoWallis plans to continue strengthening Renault […]

AutoWallis Opens to Online Sales and Austria

Sep 21, 2022

AutoWallis Group is opening up to online sales and the western region, the car company may acquire the company operating the JóAutó and Autó portals, and will enter the Austrian market with its SsangYong wholesale business, the CEO of AutoWallis Group said at a background meeting in Budapest on Wednesday. Gábor Ormosy said that the […]

Motor-Classic in Tatabánya Builds New Production Hall

Sep 20, 2022

Tatabánya-based Motor-Classic Plc., a manufacturer of precision metal parts and restoration of veteran cars, is expanding its plant with a new production hall and a modern machining center. According to marketing director Viktor Tamás, the company is expanding its 5,000-square-meter production area with a new 2,000-square-meter hall, which will house a five-axis machining machine and […]

Chinese Investment with Hungarian Subsidy in Debrecen

Sep 6, 2022

Chinese-owned Halms Hungary Ltd. invests EUR 43 million in Debrecen to manufacture e-car parts with the aim to be able to meet customer demand in Europe faster and from a closer location. The project that is to create 300 new jobs further enriches an already very much vibrant local EV ecosystem, the Hungarian Investment Promotion […]

Average Passenger Car Age Keeps Increasing in Hungary

Aug 27, 2022

The average age of passenger cars in Hungary has set a new record, reaching 15 years in 2021 – a record not seen since 2000, according to data by the Central Statistical Office (KSH): the Hungarian car fleet closed the first half of this year at 15.2 years of average age. This result is partly […]

KIA Tops the Electric Vehicle Market in Hungary

Aug 25, 2022

KIA continues to lead the electric vehicle market in Hungary this year, with a 12.3% share of the market, that is, with 321 vehicles sold in the first half of the year, but the market is expected to shrink significantly next year. Norbert Nagy, the South Korean brand's importer in Hungary and president of KIA […]

Used Car Sales in Hungary May Break Last Year's Record

Aug 19, 2022

By the end of July, 498,800 cars had changed hands on the used car market in Hungary, 5.8% more than a year earlier, and the more active than ever before turnover indicates that last year's record of 817,000 cars sold could be broken, JóAutó [‘Good cars’] reported on Friday, based on data from Datahouse. The […]

Ferrari: Tradition and Passion

Sándor Laczkó
Aug 8, 2022

Having been founded in 1947, Ferrari celebrates its 75th anniversary this year. As the General Manager of Ferrari Budapest, Emanuele Lippi explains to Diplomacy&Trade, Ferrari's history is the history of motor racing. With tradition and innovation combined, the owners of road cars can also enjoy the company’s professionalism. Regarding the historical development over these seven […]

Pirelli: 150 Years of Shaping Mobility

Sándor Laczkó
Jul 31, 2022

Pirelli, the multinational tire manufacturer focused on consumer production of tires for cars, motorcycles and bicycles, celebrates an important anniversary this year: the company was founded by Giovanni Battista Pirelli in 1872 – that is, 150 years ago – in Milan, Italy where it still has its headquarters. After its foundation in Milan, the expansion […]

Chinese Electronic Vehicle Firm Appears in Hungary

Jul 29, 2022

China-based NIO automotive manufacturer has chosen Biatorbágy, just southwest of Budapest, as location for its first European manufacturing plant. The implementation of the investment worth a total amount of over EUR 15 million and creating several hundred new jobs will allow the manufacturing of so-called 'NIO Power Swap Station' automatic battery pack swap stations in […]

Quarter of New Cars in Hungary to Be Electric in 2035

Jul 21, 2022

Almost a quarter of new cars registered in Hungary will be electric by 2035, new data reveals. The study says that last year, just 2% of newly registered vehicles in Austria were electric. In the Netherlands and Norway, 99.9% of new vehicles are likely to be electric by 2035, data suggests. This would make them […]

AutoWallis Records in All its Business Lines in H1 2022

Jul 15, 2022

The AutoWallis Group has set records in all its business segments in the first half of the year, with 60% of last year's total annual vehicle sales already achieved in the first six months of this year, the company informed the state news agency MTI on Friday. According to the statement, the group, which is […]

MOME Mobility Design LAB

Jul 1, 2022

The MOME Mobility Design Lab, one of the most advanced vehicle design workshops in the region, was opened this Friday at the Moholy-Nagy University of Art and Design (MOME), in the presence of Mercedes-Benz Chief Designer Gorden Wagener. MOME aims to be the best and most exciting university in the Baltic to Balkan region, said […]

Reliability and Predictability

Sándor Laczkó
Jun 4, 2022

Porsche Hungaria Trading Co. Ltd. has a special, distinguished role in the domestic automotive distribution as it has been the market leader since its establishment three decades ago. Since January 2021, its CEO has been Balázs Németh, an experienced crisis manager who has spent almost his entire professional career at the company. After graduating from […]

Nissho Takes Manufacturing to the Next Level

May 26, 2022

The inauguration of Nissho Hungary Precíziós [‘Precision’] Ltd.’s new plant in Újhartyán, SE of Budapest, is an important milestone for the Japanese-owned company that manufactures secondary processed products made of film and adhesive tape and optical film primarily for automotive electric components. The EUR 10 million investment, 35% of which is covered by Hungarian taxpayers […]

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