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Stop CPP investments in firms selling military, police, spy or prison-related products
to Israel

in 2011

$6 million

This is the online version of
Profiting from Israeli Apartheid:
Canada Pension Plan (CPP) Investments in Corporations Supporting Israel’s Military-, Police-, Surveillance-, Prison-Industrial Complex (Part 1)"
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With assets of US$94 billion, Fiat is the largest car maker in Italy, and the sixth largest in the world. Although Fiat is an acronym for Fabbrica Italiana Automobili Torino, the word has a Latin meaning as well, "let it be done."

In modern parlance, fiat can mean an arbitrary order, decree or dictate issued by a authoritarian ruler. This is appropriate because during World War II, Fiat made armoured vehicles, light tanks, fighter planes, submarines, machine guns and other weapons, not only for Mussolini’s fascist regime but also for Hitler’s Nazi forces as well.

Fiat Chrysler and Israeli Jeeps

In 2009, Fiat began to acquire shares in Chrysler, a US-based car maker that had largely been held by Daimler since 1998. By January 2012, Fiat's share in Chrysler was 58.5%. Fiat, however, has said that it intends to boost its stake in Chrysler to 70%.

Chrysler has been supplying jeeps to Israel’s military since 1990. These military vehicles are based on Chrysler’s "Jeep Wrangler." In Israel, these jeeps, called "Storm" (or "Sufa" in Hebrew), are the workhorse of the Israeli military’s land forces.

Chrysler’s latest deal reached a milestone in August 2011, when the first of about 550 "Storm 3" jeeps were delivered to Israel’s army. A celebratory event to mark this occasion was described by automotive journalist Bill Cawthon. He reported that Brigadier General Haim Rubin, head of the Ground Forces Technological Brigade of the Israel Defense Forces (IDF), praised this latest generation of Chrysler jeeps saying it is "an excellent tool that meets the IDF’s needs."

A month later, Israel Defense magazine reported that the "Rapid Intervention Vehicle, a patrol version of the ‘Storm 3’ jeep…has recently entered into operational use" "in a number of [IDF] Special Forces units."

As the photograph from a promotional brochure for the patrol/reconnaissance model of the "Storm 3" shows, this vehicle is "especially suited to be fitted with various machine gun or special equipment mountings."

The Israeli website, ynetnews, reported that the "Storm 3" deal was worth about US$36 million, including US$23 million in US military aid. This, it said, was "the most expensive contract for the purchase of an unarmored Israeli vehicle to be signed by the [Israeli] Defense Ministry."

The "Storm 3" deal amounted to a unit price of about US$65,000. This is considerably higher than the previous jeep contract in 2002. At that time, the IDF ordered 1,500 "Storm 2" jeeps for US$70 million, making the unit price about US$47,000. When reporting on that earlier deal, with DaimlerChrysler, Israel’s Globes business news remarked that "US military aid will probably finance most of the deal."

Regarding the IDF’s latest acquisition of Chrysler jeeps, Globes reported that the vehicles were "built to IDF specifications" and paid for by "US military aid to Israel funds." It was, Globes said, "a complicated deal... [that] includes buying kits in the US, to be put together and armored in Israel." In Cawthon’s words, Chrysler shipped "the vehicles to Israel as CKD (completely-knocked-down) kits" that were then assembled by an Israeli company based in Nazareth, called Automotive Industries Ltd. (AIL).

The process of developing the "Storm 3" was a cooperative venture between Chrysler, the IDF and AIL. Cawthon describes it by saying that in 2009, "Chrysler sent three prototypes for testing by the IDF." These "vehicles were driven tens of thousands of kilometers" to see how they should be modified to meet the IDF’s needs. Chrysler then built the components for this made-to-order jeep and shipped them to Israel for assembly by AIL.

One of the "Storm 3" jeep’s most crucial components, its engine, is made by VM Motori SpA. It is 50% owned by FPT Industrial, a subsidiary of Fiat Industrial.



COAT research (published in Issues 66 and 67 of Press for Conversion!) exposes that in 2011 the CPP owned about $1.5 billion worth of shares in 68 corporations supplying Israel with military, police, surveillance and prison-related products.

To read COAT's research on the first half of
these 68 companies, click the pdf links below
to see the print version of Issue 66.  Or, click
each company name for the web version.)
(Articles on the second set of 34 companies
are in Issue #67 of Press for Conversion!):

pdf  3M Co
Amdocs Ltd
pdf  Analog Devices Inc

pdf  AT&T
pdf  BAE Systems
pdf  Bank Hapoalim
pdf  Bezeq
pdf  Bharat Electronics Ltd
pdf  CAE Inc
pdf  Carlyle Group
pdf  Caterpillar Inc
pdf  Cellcom Israel
pdf  Cemex
pdf  Cisco Systems
pdf  CRH plc
pdf  Daewoo Engineering & Construction
pdf  Daimler AG
pdf  Delek Group
pdf  Dell Inc
pdf  Discount Investment Corp
pdf  Doosan Corp
pdf  Eaton Corp
pdf  Elbit Systems
pdf  EMC Corp
pdf  Evraz Group
pdf  Fiat Industrial
pdf  Fiat SpA
pdf  Finmeccanica
pdf  Fujitsu Ltd
pdf  Hewlett-Packard Co
pdf  Hitachi Ltd
pdf  Honeywell International
pdf  Hyundai Motor Co
pdf  Hyundai Heavy Industries

Additional resources from this issue:
Israeli Spy Companies:
Verint and Narus

State-owned Israeli War Industries:
, IMI and Rafael

Vertex Venture Capital:
Investing in Israeli High-Tech Companies

Table listing CPP Investments


Table listing CPP Investments worth $1.5 billion in 66 companies supporting Israel's military, police, surveillance, prison-industrial complex.

Table listing additional investments totalling $4.5 billion by six large Canadian pension funds (including CPP) in the 66 companies researched by COAT.

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Fiat SpA Assets US$94 billion

"Fiat: increased to 58.5% the ownership in Chrysler," Car Hub News, January 6, 2012.

Paul A. Eisenstein, "Fiat to Boost Chrysler Stake to 70%," The Detroit Bureau, May 10, 2011.

Dubi Ben-Gedalyahu, "IDF to buy Storm 3 vehicles," Globes, September 15, 2010.

Bill Cawthon, "Chrysler in talks to market Israeli Jeep," allpar, August 24, 2011.

First Look: The New Rapid Intervention Vehicle, IsraelDefense, September 22, 2011.

Udi Etsion, "Chrysler in talks to buy IDF jeep," ynetnews, August 24, 2011.,7340,L-4112974,00.html

"IDF to spend $70m on new generation ‘Sufa’ jeep," Globes, October 7, 2002.