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INVESTMENTS IN AFFILIATED AND OTHER COMPANIES | 12 Months Ended
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Dec. 31, 2023
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) |  | 2023 |  |  | 2022 |
Bringg |  |  | - |  |  |  | 300 |
Lumax |  |  | 563 |  |  |  | 414 |
Ituran MOB |  |  | 151 |  |  |  | 437 |
Cellutrack |  |  | - |  |  |  | 37 |
|  |  | 714 |  |  |  | 1,188 |
| B. | Investment in other companies
During the years 2022-2023, the Company made additional investments in two Israeli startups. The total investments in such companies were US$ 0.48 and US$ 0.14 million during the years ended December 31, 2023 and 2022, respectively.

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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 -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3 Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 323 -SubTopic 740 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481543/323-740-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 323 -Publisher FASB -URI https://asc.fasb.org//323/tableOfContent + Details
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