Orban’s Rivals Want to Roll Back Tax Breaks for Carmakers (1)

The party aiming to oust Hungarian Prime Minister Viktor Orban at next year’s election plans to roll back lavish tax breaks for foreign companies as part of an economic overhaul.

The plans by Tisza, which is leading opinion polls ahead of April’s vote, could hit German carmakers including BMW AG, Mercedes-Benz Group AG and Volkswagen AG along with Asian battery makers such as China’s Contemporary Amperex Technology Co. Ltd.

The companies together have invested more than $10 billion in recent years and were among the prime beneficiaries of state incentives. But the breaks led to an excessive reliance ...