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  • mayay 4:54 pm on February 12, 2015 Permalink
    Tags: chery automobile, israel corp, israel corp ventures, , qoros automotive, qoros china,   

    Israel Corp. Breaks Off Ties With Qoros 

    israelcorpFebruary 12, 2015 | Israel Corporation has announced that it will officially cut ties with the Chinese car manufacturer Qoros and their joint venture Chery Automobile. Israel Corp. invested $650 million over the past seven years to develop sedan cars for sale in China and Europe. Idan Ofer, the controlling shareholder of Israel Corp., will continue investing privately in Qoros. In the first quarter of 2014, Israel Corp. invested $137 million in Qoros. Israel Corp. was founded in 1968 and is currently headed by CEO Nir Gilad.

     
  • NoCamels Team 5:59 pm on February 27, 2013 Permalink | Reply
    Tags: , , , israel corp   

    Better Place Gets $33M Injection From Israel Corp 

    Better Place Gets $33M Injection From Israel CorpIsraeli electric car venture Better Place has received another cash injection from Israel Corp totaling at $33 million. A few months ago, the corporation injected another $33 million, making its total investment in the company $300 million.

     
  • NoCamels Team 11:58 am on February 20, 2013 Permalink | Reply
    Tags: , , , israel corp   

    Better Place To Get $50M Injection 

    Better Place To Get $50M InjectionIsrael Corp, which owns the controlling share of electric car venture Better Place is preparing to inject $32 million to the company. Financial magazine Calcalist reports that the injection will occur within the next few days. In addition, Better Place will receive $18 million from private investors.

     
  • NoCamels Team 2:05 pm on November 1, 2012 Permalink | Reply
    Tags: , , , israel corp   

    Better Place Gets $67M Injection From Israel Corp. 

    Better Place Gets $67M Injection From Israel Corp.In light of financial difficulties facing electric car venture Better Place, Israeli corporation Israel Corp., which owns 28 percent of the venture, has announced that it will invest an additional $67 million in the company. Following the recent turmoil, in which founder Shai Agassi stepped down from the CEO position, Better Place has asked investors for $100 million in additional funding.

     
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