General Motors to open local R&D center

Government will provide financial grants for the project center, which will either entail 40% of the operation costs of the project center.

By SHARON WROBEL
December 18, 2007 11:57
1 minute read.

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

General Motors Corporation will establish a Research & Development center in Israel and employ engineers and academic researchers in various fields for GM projects following approval by the Chief Scientist Office at the Industry, Trade and Labor Ministry. "The establishment of the project center will contribute and expand R&D activity in Israel and increase employment in peripheral areas of the country," said Chief Scientist Eli Opper. The government will provide financial grants for the project center, which will either entail 40 percent of the operation costs of the project center; 50% of the financing allocated by the project center for local partners; or the financing volume provided by the project center for local partners in the traditional industry located in national preference areas. Since the mid-1990s, GM has been active in Israel through investment in the development of automotive technologies in Israel via GM-UMIT, a joint venture with Universal Motors Israel Ltd. Through GM-UMIT, GM has supported a number of technology incubators over the past decade. GM-UMIT funds basic and industrial research, proof of concept, and projects in various development stages. In addition GM makes the largest amount of reciprocal procurements in Israel among vehicle manufacturers. The company made $102 million in reciprocal procurements in 2005, representing an increase of 32% over 2004.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS