Israel Corp. Invests $130M In Qoros

October 2, 2014 | The Israel Corporation will lend the Chinese car developer Qoros $130 million as an owners loan to free a joint venture, in which it owns a 50 percent stake, from a $300 million guarantee. Israel Corp. reported to the Tel Aviv Stock Exchange that it would issue the loan in two sets of payments: $60 million in the fourth quarter of 2014 and $70 million in the first quarter of 2015. Israel Corp is partnered in Qoros with the Chinese car manufacturer Cherie, with Israel Corp investing over $600 million in the project since it began. Israel Corp is one of the largest holding companies in Israel and one of the largest companies on the TASE.