Israeli media are reporting that the apparent target of the Tel Aviv explosion, the head of a leading crime family who is being named locally as Nissim Alperon, escaped after spotting the bomber approaching.
Up to 10 people have been injured in a car explosion in Tel Aviv.
Israeli police spokesman Micky Rosenfeld says that he believes the explosion is criminal but can not definitively rule out a political motive. Local media is quoting an eyewitness who says he saw a motorcyclist throw a package towards the car that exploded.
Assassination by bomb has become a favourite method for Israeli criminal gangs to settle disputes in recent years.
There has been an explosion in central Tel Aviv. According to Israeli media, a car blew up next to a bus after a motorcyclist placed a bomb near the car.
Early reports say there are seven people injured but no-one killed. It is thought the attack was a criminal assassination attempt and not terrorist-related.
Israeli police have said that an explosion has gone off in a car in Tel Aviv but that there is a "strong possibility" it is a criminal act.
Associated Press report that police spokesman Micky Rosenfeld said he believed the explosion near a bus was criminally motivated, though he could not definitively rule out that it was political violence.
Rescue services spokesman Zaki Heller says preliminary reports from the scene indicated seven to 10 people were wounded in the explosion.
Several people have been hurt after a car exploded in Tel Aviv according to initial reports from Reuters.
Police say the incident appears to be criminal related and not a Palestinian bombing.