October 18, 2017 9:25 AM ET

Specialty Retail

Company Overview of Delek Motors Ltd.

Company Overview

Delek Motors Ltd. retails passenger and commercial vehicles. It markets vehicles of Mazda, Ford, and Lincoln brands. The company was founded in 1991 and is based in Nir Tzvi, Israel. Delek Motors Ltd. operates as a subsidiary of Delek Automotive Systems Ltd.

Moshe Levi pob 200

Nir Tzvi,  72905

Israel

Founded in 1991

Phone:

972 8 913 9988

Fax:

972 8 913 9990

Key Executives for Delek Motors Ltd.

Chief Executive Officer
Age: 56
Compensation as of Fiscal Year 2017.

Delek Motors Ltd. Key Developments

Delek Motors Ltd. Announces the Distribution of NIS 65 Million Dividend to its Shareholders

Delek Motors announced the distribution of a NIS 65 million dividend to its shareholders.

Delek Motors Reports Earnings Results for the Third Quarter and Nine Months Ended September 2015

Delek Motors announced its third quarter results of 2015, showing a steep decline in car sales, especially Ford models. The company's net profit also slid, after having gained hundreds of millions of shekels last year from the revaluation and sale of shares in auto safety systems producer Mobileye. The company's third quarter net profit was down nearly 80% to ILS 57 million. During the corresponding periods last year, the company benefited ILS 244 in financing revenue, mostly from Mobileye shares. In current activity, the company' sales of cars were down 23% to 5,100 in the third quarter. The negative trend in vehicle sales is reflected in the top row, with third quarter sales declining 14.5% to ILS 776 million. For the nine months of 2015, the company's net profit declined 50% to ILS 343 million. During the corresponding periods last year, the company benefited ILS 527 million in financing revenue mostly from Mobileye shares. The negative trend in vehicle sales is reflected in the top row, with January-September sales down 11% to ILS 2.7 billion.

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