Excel Automotive Expands in Panama

The Panamanian car distributor, Excel Automotive, opened its third branch in the country.

Monday, March 23, 2009

According to Laestrella.com.pa, "Excel is the automotive division of Grupo Poma of El Salvador and it acquired the Mitsubishi distributorship in Panama."

The manager of the automotive company, Ricardo Cuellar told the media: "We have decided it is time to begin to grow and we are taking a step toward what will be sustained growth with this third branch."

More on this topic

Excel Automotive Expands in El Salvador

September 2010

The Excel Automotive car dealership opened its new headquarters in the Department of Sonsonate.

The new complex offers integrated services which include sales of new vehicles, maintenance and part sales.

Andres Poma, National Manager of Excel Automotive, told Laprensagrafica.com, "The complex is located one block from the railway monument and has a total area of 2.520 m² of which 548 m² are workshop services.

New "Play" Store in Costa Rica

November 2009

Grupo Monge inaugurated its third "Play" store in the country; it is located in Escazú, and has 2.355 square meters of commercial space.

The $5 million electronics and home equipment store will offer 9.000 different products.

"Grupo Monge has hired 60 people for administrative and sales jobs. They were trained in the group's other two Play stores: Zapote and Paseo de Las Flores", reported Nicaraguahoy.info.

TGI to Distribute Tires in Nicaragua

April 2009

In Latin America, the multinational Tire Group International (TGI) has already opened sales offices in Argentina and Panama.

The company, which distributes more than 40 tire brands, including its own private Astro, Cosmo, Industar, Moon and Orion brands, has announced it will open an office in Managua, Nicaragua.

Grupo Q opens region's largest auto service center in Costa Rica

May 2008

Grupo Q of El Salvador opened Central America's largest automobile service center in Costa Rica. The 1,555 square meters center can handle 15 vehicles at a time, but plans are already afoot to expand capacity.

The new center forms part of an expansion strategy that was launched five years ago when Grupo Q acquired Lachner & Sáenz.

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