Israel Corp. Denies Rumors Of Quitting Qoros Car Venture

November 9, 2014 | Despite reports by the Chinese media that Israel Corporation plans to quit their joint car venture Qoros, the company’s controlling shareholder denied the rumors. According to a report published by the “Wall Street Journal,” Israel Corp.’s controlling shareholder, Idan Ofer reiterated the Israeli company’s support for the joint venture. Israel Corp. has invested over $600 million in Qoros to date, almost double the amount that the company invested in failed Israeli electric car venture Better Place.