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April 24th, 2015
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Business

Business & Technology

American Cars Set to 'Invade' Israeli Showrooms

American Cars Set to 'Invade' Israeli Showrooms

Israelis could soon see a lot more American cars on their roads, after Israel and the United States signed a deal last week that increased cooperation on transportation issues, enhancing the import and export of parts and vehicles.

Although it is generally not well known, Israel has a substantial automotive industry, based mostly on parts and technology. Among the better-known Israeli car exports is the MobilEye safety system, which alerts drivers when they get too close to the vehicle in front of them.

The deal was signed between Israel's Transport Ministry and the National Highway Safety and Transport Agency in the US, and will increase knowledge exchanges and experience between the two sides.

Among the first issues the deal will cover will be to enable Israel to import more US-made vehicles. Although most of the American carmakers sell models in Israel, they are generally models made for the European market.

American-made cars are not allowed into Israel because of Israel's agreements with the European Union, which has different standards for the headlights on vehicles – different standards that have proven to be the major stumbling block in efforts to export American-made cars to Israel. The standards differences involve the way headlights are aligned on vehicles; European and Israeli model headlights point slightly to the right and left, making them, in the opinion of local officials, “easier on the eye” for oncoming traffic. American-made vehicles, according to the officials, are aligned more straight, giving oncoming drivers a “blinding” effect.

Both sides said they were confident the issue could be resolved. Commenting on the agreement, Transportation Minister Yisrael Katz said that “already we have worked out arrangements to bring in more American-made models, and we have pending legislation that will increase the number of volumes we can import. I am confident that we will soon see a much wider variety of imported models, which will increase choice and competition for Israeli consumers.”     (INN)

 

Safra Bank Acquires Additional Acquisitions

Safra Bank Acquires Additional Acquisitions

The Swiss banking industry, well known as the hiding place for untaxed wealth, has suffered from recent international scrutiny and low profits. The Safra international ba...

Hotelier Nazarian Takes Back Company Head after Declared Drug-Free

Hotelier Nazarian Takes Back Company Head after Declared Drug-Free

After being on leave for two-and-a-half months due to his testimony regarding his illicit drug use to Nevada gambling regulators, Hotelier Sam Nazarian has returned to ru...

HoneyBook Raises $22M to Expand Across US Market

HoneyBook Raises $22M to Expand Across US Market

HoneyBook event planning platform has announced a Series B funding round worth $22 million. The company says it will use the new funds to expand to every major city in th...

CFO Ruth Porat Joins Google Team for $70M

CFO Ruth Porat Joins Google Team for $70M

Another run from Wall Street finalized with negotiations reached. Google Inc. has agreed to pay Chief Financial Officer Ruth Porat more than $70 million after she begins ...

Last Updated ( Tuesday, 07 April 2015 15:02 )

Chaim Pikarski to Rescue SkyMall's Catalog Business

Chaim Pikarski to Rescue SkyMall's Catalog Business

Despondent passengers, saddened by the removal of the beloved and peculiar in-flight catalog have reason to rejoice since the SkyMall LLC is making a comeback and its cat...

Alibaba Invests in Israeli Cyber-Security

Alibaba Invests in Israeli Cyber-Security

5,000 people from 50 countries are in Tel Aviv for Cybertech 2015 International Conference & Exhibition.

Chinese e-commerce company Alibaba Group has announced that it is ...

Despondent Roman Abramovich Returns to Israel for Another investment

Despondent Roman Abramovich Returns to Israel for Another investment

Russian Jewish billionaire and Chelsea FC owner Roman Abramovich has been visiting Israel this week, Channel 2 News reported. Abramovich’s visit coincides with his announ...

Facebook’s Zuckerberg May Top Paypal with New Messenger Feature

Facebook’s Zuckerberg May Top Paypal with New Messenger Feature

Last week, the social media giant Facebook posted an announcement on their web site that could revolutionize the way people send and receive money online. Currently, the ...

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