Hamashbir signs deal to sell Better Place electric cars

The department store will offer electric cars with an unlimited kilometers package for a down payment and 72 monthly payments.

Department store chain Hamashbir 365 Holdings Ltd. (TASE:MSAH) will sell electric cars for Better Place Inc. Under the collaboration, Hamashbir will offer the electric cars with an unlimited kilometers package to members of its customer club, 365, for a down payment of NIS 24,900 and 72 monthly installments at NIS 2,490 a month. The car can be returned after 36 months. The month-long campaign will begin on May 19.

The package includes a home recharging post, unlimited battery replacements, customer services, free unlimited access to public recharging posts, road services, and Better Place's Oscar navigation and direction system. Electric cars will be positioned at the entrance to Hamashbir branches nationwide. At the surprise party, Hamashbir customer club members may participate in a lottery for two electric cars.

Published by Globes [online], Israel business news - www.globes-online.com - on May 12, 2013

© Copyright of Globes Publisher Itonut (1983) Ltd. 2013

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