February 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.
Subscribe to NoCamels weekly newsletter and get our top stories
Related posts

Israeli Weight-Loss Treatment Sees Positive Results In New Trial
December 03, 2023

Yield-Boosting Treatment Expands To New Crops
December 03, 2023

Israel Bolstering Young Startups With Angel Investor Fund
November 30, 2023

Israeli Medtech Companies Partner To Develop ‘Artificial Lung’
November 30, 2023
Facebook comments