Brazil’s Central Bank introduces Drex, its upcoming digital currency, aiming to ease credit access and streamline real estate transactions. Fabio Araujo, the Project Coordinator, recently shared insights. He said tests with multiple banks will continue until May 2024. Araujo recognized the challenges many face in acquiring credit. He believes this new technology will usher in […]
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General Motors Shifts Strategy in South America
General Motors (GM) officially declared that it will shut down its assembly operations in both Colombia and Ecuador. This decision shifts focus to national vehicle marketing and after-sales services. Today, GM starts winding down Colombia’s Colmotores plant, operational since 1956. The OBB plant in Ecuador will follow, ending activities by August 2024. Despite these closures, […]