Archive for the ‘Automotive Industry’ Category

Israel helped China build the « Vigorous Dragon ». A secret well-guarded by China !

Israel helped China build the « Vigorous Dragon ». A secret well-guarded by China … Israel Industries 16/09/2019 The « Vigorous Dragon » is one of the major innovations in China, to renew its naval fleet and keep its deterrent force. A particularly agile aircraft similar to the well-known F-16 Fighting Falcon, the « Vigorous Dragon » was the first Chinese […]

Skoda Expands Israeli Presence With Three Startup Collaborations

Israel industries automotive

Czech automaker Škoda Auto a.s. is expanding its footprint in Israel. The company announced on Thursday collaborations with three Israel-based startups, Chakratec Ltd., Anagog Ltd., and UVeye Ltd., and stated it is already testing their technologies.

Musk Makes Stealth Visit To Mobileye HQ In Israel

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.

Qoros Electric Vehicle: China and Israel Partner with USA

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

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.

Investors Buying Bankrupt Israel’s Electric Car Firm

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 […]

MAN sells 173 bus chassis to Israeli companies

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 Auto Drops as Government to Cut Car Prices: Tel Aviv Mover

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 […]