Insider sources confirmed that Elon Musk was recently out in Israel at the headquarters of Active Safety and Autonomous Driving tech company Mobileye. Mobileye has been a key supplier of Tesla since the early days and continues to be the core of Tesla’s autopilot hardware suite.
After losing the Better Place electric vehicle company, Israel Corporation moved forward with a different holding in the same industry. Qoros Auto Company Ltd., a 50:50 joint venture between Israel Corp and China’s Chery Automobile Co. Ltd., has agreed to purchase EV and hybrid parts from American Axle Manufacturing Inc. (AAM).
Automotive industry : Opel extends Israel distribution deal Opel and its importer in Israel, the Shlomo Group, have extended their collaboration. Karl-Thomas Neumann, CEO of Adam Opel, and Shlomo Shmeltzer, managing director of the Shlomo Group, met at Opel headquarters in Rüsselsheim and signed the new contract extending the companies’ collaboration until 2020.
A group of investors has taken over the remains of Israel’s bankrupt electric car venture, pledging to give the project another boost. The electric car company Better Place filed for liquidation in May, less than six years after unveiling a plan promising to revolutionize the auto industry by reducing the world’s oil dependency. As recently […]
Israeli bus companies Metropoline and Egged have ordered a total of 173 MAN bus chassis for domestic passenger transport from MAN importer AET Automotive Equipment and Trucks L.P.
Delek Automotive Systems Ltd. (DLEA) dropped the most in almost two months on bets Israeli government steps to lower car prices and boost competition will hurt profitability at the importer of Mazda cars. Delek Automotive’s stock plunged 4.3 percent, the biggest decline since March 17, to 36.88 shekels at the close in Tel Aviv, bringing the […]
« On March 29th 2013, Israeli-based startup Phinergy announced it would be bringing a 1000 mile EV to consumers by 2017. If successful, Phinergy will have created an EV that can go farther than any ICE car on a single tank/charge. So how is Phinergy going to do it? Aluminum-air batteries. »
A.L. Solutions Inc., a distributor of filtration products for the automotive aftermarket, will invest $3.6 million to locate its new manufacturing facility, A.L. Industries Inc., in Spartanburg County, South Carolina, with plans to create 80 new jobs. Both A.L. Solutions and A.L. Industries are part of the A.L. Group, which is headquartered in Israel.
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