- Business
- Carasso Motors Ltd. (CRSM.TA) imports, distributes, and sells automobiles and mechanical engineering equipment in Israel. The company offers Renault, Nissan, Dacia, Infiniti, Chery, and EVEASY passenger and commercial vehicles; garage, maintenance, warranty, and repair services for vehicles and spare parts; leasing and rental services; vehicle financing and credit solutions; insurance agency services under the Freesbe brand; and charging stations for electric vehicles; as well as imports and distributes engineering equipment including CASE construction machinery, POWERSCREEN screening equipment, and EPIROC drilling rigs with nationwide service support. Incorporated in 2007 and headquartered in Bnei Ayish, Israel, Carasso Motors operates primarily in the Israeli automotive and construction equipment markets, serving retail customers, fleet operators, and industrial clients through an extensive dealer and service network. Recent developments include the acquisition of car leasing and rental company Cal Auto in a transaction valued at approximately NIS 1 billion through assumption of liabilities, enhancing its leasing portfolio; a May 2022 purchase of 51% in electric vehicle charging firm GNRG to bolster EV infrastructure offerings; and an August 2025 stake acquisition by More Provident Funds Ltd. representing 4.2% ownership for about ILS 150 million.