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SAFCO says this will help the company broaden its operations overall and further reach underbanked consumers in Colombia.

Colombia is very rarely, if ever, bereft of news, and this week was no exception. In fact it was a bit of a doozy!

Compared to August 2016, Nissan showed the highest growth, while Renault, Chevrolet, and Kia all had negative results.

"The Ducati client wants something from the high end that other people don’t have," said Sergio Cordoba.

Colombia’s largest bank Bancolombia this week lowered the interest rates on its mortgage offerings by up to 150 basis points. According to the Medellín-based financial institution, this move means its rates now start at 0.76% monthly, or 9.6% on an annual basis. The bank said...

Jorge Mejía said he plans to join forces with multiple partners to launch an independent project focused on entrepreneurship.

Colombia is poised to further increase its already-substantial market share in South America, outpacing every country except for Brazil.

TechSci Research expects auto production, government policies, and infrastructure spending to fuel ongoing growth in Colombia's tire market.

Some 400 exhibitors and close to 60,000 visitors from 30 countries are expected to meet in Medellín in May.

Throughout the sector, sales are projected at over $150 million USD in 2016.