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Stop CPP investments in firms selling military, police, spy or prison-related products
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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
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
pdf Amdocs Ltd
pdf Analog Devices Inc
pdf BAE Systems
pdf Bank Hapoalim
pdf Bharat Electronics Ltd
pdf CAE Inc
pdf Carlyle Group
pdf Caterpillar Inc
pdf Cellcom Israel
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 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
Vertex Venture Capital:
CPP Investments worth $1.5
in 66 companies supporting Israel's military, police, surveillance, prison-industrial complex.
Social Networking - Facebook
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.
"IDF to spend $70m on new generation ‘Sufa’ jeep," Globes,
October 7, 2002.