Israeli electric car venture may have reached the end of the road
Israel Corporation might pull the plug on the electric car company Better Place in the coming days, as the company suffers significant losses.
The automotive venture,Better Place started by founder Shai Agassi and Israel Corporation controlling shareholder Idan Ofer may come to an end in the coming days. Israel Corporation holds 30 percent of Better Place shares, while Ofer has an eight percent stake in the company.
Ofer is currently in talks with other investors in Better Place such as Morgan Stanley, HSBC and General Electric, and unless...
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