Toyota may enter new segment

Japanese car manufacturer Toyota has announced that it is assessing the possibility of entering new segments in Colombia. The firm led the segment for pick-up trucks in August 2009, driven forward by its innovative portfolio and a cut in prices of around 5% on average. However, Toyota has seen its market share drop by 2% so far in 2009. In order to offset this fall, the firm has introduced post-sale and marketing strategies as well as extending the warranty period for its vehicles.

Publication: Esmerk - News monitoring
Provider: Esmerk
September 29, 2009

Ospinas will build a new hotel in Northern Bogota

Colombian construction company Ospinas will build a hotel in Bogota, Colombia, tendering for the project will be launched in February 2010 with construction planned for mid-2010. The company has been debating whether to participate in this sector for the last four years and is studying three different possibilities for hotel developments. The project is already advanced in terms of securing the 2,500 m2 plot in Northern Bogota and construction will take approximately 18 months. Ospinas is also looking at opportunities in other cities such as Cucuta.

Publication: Esmerk - News monitoring
Provider: Esmerk
September 25, 2009