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INVESTMENTS IN AFFILIATED AND OTHER COMPANIES

12 Months Ended

Dec. 31, 2022

Equity Method Investments and Joint Ventures [Abstract]

INVESTMENTS IN AFFILIATED AND OTHER COMPANIES

NOTE 4 - INVESTMENTS IN AFFILIATED AND OTHER COMPANIES

A.Investment in affiliated companies

		US dollars
		December 31,
(in thousands)		2022				2021
Bringg			300				500
Lumax			414				357
Ituran MOB			437				-
Cellutrack			37				28
			1,188				885

B.Investment in other companies

During the years 2021-2022, the Company made additional investments in two Israeli startups

The total investments in such companies were US $0.1 and US $0.6 million during the years ended December 31,2022 and 2021, respectively.

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- References

No definition available.

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- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-URI https://asc.fasb.org/topic&trid=2196965

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