Joby Aviation’s NYSE: JOBY technology has been again validated. The latest news is a follow-on investment from Toyota Motor NYSE: TM, one of the company's earliest investors and a long-time proponent of personal air capability. The new deal will more than double Toyota’s investment in Joby, bringing the total to nearly $900 million, with funds distributed over the next two years. Toyota is a critical partner for Joby. Not only does it provide funding, but also powertrain and actuation components. Its engine ...

Toyota (TM, Financial) has announced a delay in its North American electric vehicle production until the first half of 2026, attributed to design adjustments and slowing EV sales. The Japanese automaker informed suppliers that the launch of its first all-electric model in the Kentucky plant, a three-row SUV, will be postponed by a few months.Toyota spokesperson Scott Vazin indicated that production might commence in early 2026 rather than at the end of next year. Initially, Toyota anticipated starting produ ...

A pre-production prototype of the Joby Aviation S4 aircraft is displayed during the World Governments Summit in Dubai on February 12, 2024.RYAN LIM/AFP via Getty ImagesJapanese auto giant Toyota Motor is investing $500 million in Joby Aviation to support the U.S. electric air taxi company’s launch of commercial passenger services, which are slated to begin as soon as next year.Already Joby’s largest external shareholder, Toyota’s investment is on top of its $394 million capital injection in the company in 2 ...

Toyota Motor Corporation announced an additional investment of $500 million in Joby Aviation, an electric flying car startup. This funding aims to support Joby's efforts to certify its electric vertical takeoff and landing (eVTOL) aircraft and expedite the commercialization process. Tetsuo “Ted” Ogawa, President and CEO of Toyota Motor North America, expressed optimism about the certification and commercial production of Joby's aircraft with the new investment.The investment will be disbursed in two parts, ...

Toyota Motor Corporation (TM) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Over the past month, shares of this company have returned -4.4%, compared to the Zacks S&P 500 composite's +1.2% change. During this period, the Zacks Automotive - Foreign industry, which Toyota Motor falls in, has lost 1.7%. The key question now is: What could be the stock's future direction? Althoug ...

Toyota is doubling down on Joby Aviation with a $500 million investment into the California-based company that's developing electric air taxis. Toyota's total investment in Joby, which includes a $394 million capital injection back in 2020, is now $894 million. The funds will be used to help Joby complete the lengthy Type 2 certification process with the Federal Aviation Administration and support commercial production of its electric vertical takeoff and landing aircraft. Joby is in the fourth of five stag ...

Investment to be made in two equal tranches, with the first targeted to close later this year and the second in 2025 Funds will support certification and commercial production of Joby's electric air taxi Investment terms to include plans to establish a manufacturing alliance for the first phase of commercialization Will bring total investment from Toyota Motor Corporation in Joby to $894 million TOYOTA CITY, Japan, and SANTA CRUZ, Calif., Oct. 2, 2024 /PRNewswire/ -- Toyota Motor Corporation (Toyota; NYSE: ...

September electrified vehicle sales consisting of hybrids, plug-in hybrids, pure electrics and fuel cells exceeds 48 percent of total sales volume More than 710,000 electrified vehicles sold through the third quarter, representing more than 41 percent of total sales volume 30 electrified Toyota and Lexus vehicle options available at dealerships, the most among any automaker Lexus records its best-ever sales result in its 35-year history through the third quarter Toyota remains the industry's number one reta ...

Unleashing Power and Precision: Where Bold Sophistication Meets Thrilling EfficiencyPLANO, Texas, Sept. 30, 2024 /PRNewswire/ -- Launching today, Toyota's new marketing campaign, "Stand Out in Every Sense," highlights the 2025 Toyota Crown Family in all its glory. From innovative sophisticated design to modern technology and high-end performance - all harmonizing to create a driving experience that engages every sense and elevates the everyday.Experience the full interactive Multichannel News Release here: ...

Product recalls aren't unusual in the auto industry, but that doesn't mean investors have to like them.Investors in auto companies always fear news of product recalls, since the subsequent hit to a manufacturer's reputation can ding the price of its stock. That's what happened on Friday with Japanese automaker Toyota Motor (TM -3.45%), as a market sell-off followed the announcement of its latest recall.By market close today, the company's shares had lost 3.5% of their value; investors would have been better ...