Arab Israeli Conflict
Hi Tech News
Israel’s dependence on foreign energy imports is particularly alarming... Oil imports leave the country vulnerable as the number of cars on the roads increase.
The court ruled Renault and importer Carasso will maintain the 900 electric cars sold by Better Place before it went bankrupt.
The descendants of the Maccabees are spending about NIS 30 billion on oil for transportation, with a chunk of it going to regimes that don’t exactly appreciate the idea of religious freedom – especially for Jews.
The company innovated novel solutions to long-standing problems in the way of making electric cars viable in the marketplace.
By NIV ELIS
CEO Dan Cohen says that the liquidator must consider what will happen to customers who have already bought Better Place's electric car.
Green company files for bankruptcy "in light of the continued negative cash flow position."
This brings Israel Corp.'s investment in the troubled electric car venture to $300 million, out of the $750 million raised in five years.
By AVIV LEVY
Electric car venture to focus on Israel and Denmark, company headquarters move from Palo Alto to Israel.
By GLOBES/DUBI BEN-GEDALYAHU
Electric-car company Better Place starts 2013 on a better note, increases car sales 136% over average monthly sales in 2012.
Sources say that the reason for Evan Thornley's departure from the electric car venture is differences with Idan Ofer.
"The challenge for us is to attract Israeli start-ups."
By NADAV SHEMER, JERUSALEM POST CORRESPONDENT
The results reflect the upheavals at the company in past month and repercussions from switching from development stage to sales, marketing.
By KOBI YESHAYAHOU, GLOBES CORRESPONDENT
The request to shareholders for an immediate capital injection is due to low electric car sales and a high cash burn rate.
By GLOBES CORRESPONDENT
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