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12° Nicosia,
06 July, 2025
 

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Displaying results 1-30 of 42 matches for query auto sales.

1. Porsche hits the brakes on Taycan EV sales over fire risk

https://knews.kathimerini.com.cy/en/business/porsche-hits-the-brakes-on-taycan-ev-sales-over-fire-risk

Porsche has temporarily pulled some of its Taycan electric cars from UK showrooms due to concerns about potential battery fires. The Taycan, a luxury EV that launched in 2019, has been hit with several recalls over the years, and now, safety worries are putting the brakes on sales again....

2. AI adoption could boost global GDP by an additional 15 percentage points by 2035, as global economy is reshaped: PwC Research

https://knews.kathimerini.com.cy/en/news/ai-adoption-could-boost-global-gdp-by-an-additional-15-percentage-points-by-2035-as-global-economy-is-reshaped-pwc-research

New research published today by PwC reveals that AI has the potential to boost global economic output by up to 15 percentage points over the next decade. ...

3. Cyprus-U.S. relations grows under Biden, but what’s next with Trump?

https://knews.kathimerini.com.cy/en/news/cyprus-u-s-relations-grows-under-biden-but-what-s-next-with-trump

In recent years, Cyprus and the United States have significantly strengthened their ties, with Joe Biden's administration taking bold steps to solidify the relationship....

4. China’s electric vehicle sales plummet in Europe amid EU tariffs

https://knews.kathimerini.com.cy/en/news/china-s-electric-vehicle-sales-plummet-in-europe-amid-eu-tariffs

Chinese automakers are seeing a sharp decline in electric vehicle (EV) sales across Europe, with sales figures dropping to their lowest in the past 18 months. ...

5. Greek firms fuel business expansion across Cyprus

https://knews.kathimerini.com.cy/en/news/greek-firms-fuel-business-expansion-across-cyprus

The investment climate in Cyprus has significantly improved since the crisis era of 2013, attracting substantial interest from Greek companies....

6. Lidl Cyprus celebrated the opening of its 3rd store in Paphos and 21st store in Cyprus

https://knews.kathimerini.com.cy/en/business/lidl-cyprus-celebrated-the-opening-of-its-3rd-store-in-paphos-and-21st-store-in-cyprus

In a major expansion of its retail network, Lidl Cyprus opened its newest store in the Neon Mall of Pafos on Wednesday 24 July, marking the 3rd Lidl store in a row in the Paphos district and the 21st in Cyprus. ...

7. AstroBank's record-breaking year: €30.4M in profits for 2023

https://knews.kathimerini.com.cy/en/news/astrobank-s-record-breaking-year-€30-4m-in-profits-for-2023

AstroBank reported Profit After Tax of €30.4 million for 2023, representing a return on equity (RoE) of 13.9%, compared with €12.2 million and RoE of 6.2% for 2022, achieving an increase on profit of 150%, mainly due to increased interest income....

8. Green marketing: The truth behind eco-friendly claims

https://knews.kathimerini.com.cy/en/news/green-marketing-the-truth-behind-eco-friendly-claims

The deceptive practice of greenwashing, aimed at misleading consumers about the environmental qualities of products or services, is drawing increasing scrutiny....

9. Apple's plan for smart home robots unveiled

https://knews.kathimerini.com.cy/en/news/apple-s-plan-for-smart-home-robots-unveiled

Apple is currently working on a venture into household robots, which might become the company's "next big thing" after the Vision Pro headset and having abandoned its decades-long effort to develop a self-driving electric automobile. ...

10. Porsche Cyprus elevates auto unveilings with Panamera reveal

https://knews.kathimerini.com.cy/en/business/porsche-cyprus-elevates-auto-unveilings-with-panamera-reveal

Porsche Cyprus unveils the new Porsche Panamera....

11. Cyprus' economic resilience earns high credit rating confirmation

https://knews.kathimerini.com.cy/en/news/cyprus-economic-resilience-earns-high-credit-rating-confirmation

International rating agency Morningstar DBRS has confirmed Cyprus’ BBB (high) long-term credit rating with a stable trend, noting that favourable economic prospects balance downside risks. ...

12. Apple u-turns on EVs, shifts gears to focus on AI

https://knews.kathimerini.com.cy/en/business/apple-u-turns-on-evs-shifts-gears-to-focus-on-ai

Apple has reportedly halted its decade-long secretive project to develop electric vehicles (EVs), redirecting efforts towards its artificial intelligence (AI) division....

13. Stellantis Group shifts gears in Cyprus, hands dealerships to CIC Automasters

https://knews.kathimerini.com.cy/en/business/stellantis-group-shifts-gears-in-cyprus-hands-dealerships-to-cic-automasters

In a significant development for Stellantis Group's car dealerships in Cyprus, the renowned global car manufacturer is set to transfer operations to CIC Automasters Group. ...

14. Greek islands open up for Turkish travelers

https://knews.kathimerini.com.cy/en/news/greek-islands-open-up-for-turkish-travelers

Watching their faces and listening to the statements of Kyriakos Mitsotakis and Recep Tayyip Erdogan after their meeting on Thursday, one could ask what all the tension of the past few years was about....

15. Erdogan's son-in-law spotted aboard US Military Vessel

https://knews.kathimerini.com.cy/en/news/erdogan-s-son-in-law-spotted-aboard-us-military-vessel

The son-in-law of the Turkish president and self-proclaimed entertainer, who comes from a family business but also made his own way, is a conservative supporter of Ottoman tradition and a pioneer. ...

16. Tesla Model X resurrects in Ukraine after totaling in the U.S.

https://knews.kathimerini.com.cy/en/news/tesla-model-x-resurrects-in-ukraine-after-totaling-in-the-u-s

A Tesla Model X totaled in the U.S. late last year suddenly came back online and started sending notifications to the phone of its former owner, CNBC Executive Editor Jay Yarow, months later....

17. Retail trade soars by 8.4% in June

https://knews.kathimerini.com.cy/en/business/retail-trade-soars-by-8-4-in-june

Retail trade turnover increased by 8.4% in value and 6.4% in volume in June 2023 compared to the corresponding month of 2022, according to data presented by the Statistical Service on Tuesday....

18. Farewell Fiesta! A legendary journey comes to an electric end

https://knews.kathimerini.com.cy/en/news/farewell-fiesta-a-legendary-journey-comes-to-an-electric-end

The production of the last Ford Fiesta at the Cologne plant on Friday marks the "end of an era" for a model that has been a best-seller in Europe for 47 years, selling millions of units....

19. Illegal construction scandal uncovered in Akamas

https://knews.kathimerini.com.cy/en/news/illegal-construction-scandal-uncovered-in-akamas

The data collected and presented by "K" regarding the illegal construction interventions within the Akama Forest, a protected area designated as a white zone based on a plan from the 1980s, prove the tip of the iceberg. ...

20. F-35 approval halted until after Vilnius

https://knews.kathimerini.com.cy/en/news/f-35-approval-halted-until-after-vilnius

Washington’s concern over upsetting Turkey and jeopardizing Sweden’s NATO membership appears to have drawn the Greek F-35 issue into the mix, delaying the official congressional notification, Kathimerini understands, until after the Vilnius Summit in July...

21. Porsche Cyprus celebrates the Grand Opening of the new corporate architecture concept ''Destination Porsche'', in Limassol

https://knews.kathimerini.com.cy/en/business/porsche-cyprus-celebrates-the-grand-opening-of-the-new-corporate-architecture-concept-destination-porsche-in-limassol

It is the fourth Porsche Centre under the new retail ''Destination Porsche'' concept in the Central and Eastern Europe region and amongst first in the world. ...

22. The 'controversial' e-kalathi bill: House and stakeholders remain unconvinced

https://knews.kathimerini.com.cy/en/business/the-controversial-e-kalathi-bill-house-and-stakeholders-remain-unconvinced

The e-kalathi bill fails to convince the House and stakeholders. Yesterday, the Commerce Committee of the House of Representatives held discussions on the matter, with Minister of Energy, Commerce, and Industry George Papanastasiou present....

23. Bill for 'e-Kalathi' product price comparison app submitted for Cabinet approval

https://knews.kathimerini.com.cy/en/business/bill-for-e-kalathi-product-price-comparison-app-submitted-for-cabinet-approval

The bill for the implementation of a digital tool that enables daily information on retail prices and product comparisons is ready for submission to the Cabinet....

24. Why EVs are a flop in Cyprus … so far

https://knews.kathimerini.com.cy/en/news/why-evs-are-a-flop-in-cyprus-…-so-far

It's only a 150-kilometer drive across Cyprus; well below how far an average electric vehicle can drive on a single charge. Range anxiety — a major barrier in the shift to EVs — shouldn't be a thing....

25. EU states facilitating employment of third country nationals to ease labor shortage

https://knews.kathimerini.com.cy/en/news/eu-states-facilitating-employment-of-third-country-nationals-to-ease-labor-shortage

The European Union’s population is aging. The factors behind this phenomenon are many, but the declining fertility rates and the increased life expectancy, along with migration to countries like the United States, the United Kingdom, Canada, and Australia, are the main ones....

26. Foreign Direct Investment in Europe a game of two halves: current volatility impacts strategy while long-term appeal instills confidence

https://knews.kathimerini.com.cy/en/business/foreign-direct-investment-in-europe-a-game-of-two-halves-current-volatility-impacts-strategy-while-long-term-appeal-instills-confidence

Europe’s attractiveness for FDI has shown signs of recovery following the COVID-19 pandemic with a 5% increase in the number of projects announced in 2021 compared to 2020, according to the latest annual EY European Attractiveness Survey....

27. Germany dims lights as it leads Europe in saving energy

https://knews.kathimerini.com.cy/en/news/germany-dims-lights-as-it-leads-europe-in-saving-energy

Summer nights in the wealthy Bavarian city of Augsburg this year are eerily dark and quiet: The facades of historic buildings are not illuminated, street lights are dimmed and most of the fountains are not operating....

28. Top position in luxury car sales for Porsche and A.I. Motokinisi Ltd in Cyprus

https://knews.kathimerini.com.cy/en/business/top-position-in-luxury-car-sales-for-porsche-and-a-i-motokinisi-ltd-in-cyprus

Porsche Cyprus in a leading position in terms of sales in the first half of 2022...

29. Op-ed: America has more guns than any other country

https://knews.kathimerini.com.cy/en/news/op-ed-america-has-more-guns-than-any-other-country

America has been shaken — once again — by mass shootings. On May 14, a gunman killed 10 people in a supermarket in Buffalo. On Tuesday, at least 19 children and two adults were killed in Uvalde, Texas. ...

30. Consumers to buy directly from automaker, not from dealer

https://knews.kathimerini.com.cy/en/business/consumers-to-buy-directly-from-automaker-not-from-dealer

Mercedes-Benz has reached an agreement with its European dealers to switch to a new dealership model, in which customers will buy directly from the automaker and not from the dealer, the German brand said....

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