IDF to spend $70m on new generation "Sufa" jeep

The future jeep will be a joint project of DaimlerChrysler and Automotive Industries in Nazareth.

The Ministry of Defense has chosen the new generation "Sufa" jeep as the IDF's future light field vehicle. The new jeep will replace the current generation "Sufa" jeep now in service.

Sources in the US told ''Globes'' that the future jeep will be based on the US Wrangler jeep tailored to IDF specifications. The jeep will be a joint project of DaimlerChrysler (NYSE; XETRA:DCX) and Automotive Industries in Nazareth, which will assemble the jeep.

The sources said that Ministry of Defense and Chrysler officials reached an agreement on the project in Detroit last month. Development is expected to take a year, during which the IDF will buy competitors' all-terrain vehicles.

The final deal is expected to total 1,500 jeeps, worth about $70 million, depending on the figures used. US military aid will probably finance most of the deal.

Chrysler importer Automotive Equipment Group, which owns Automotive Industries, declined to comment on the report.

Published by Globes [online] - - on October 7, 2002

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