Investors weren't keen on news of a production delay and a multimillion-dollar investment in an air taxi company.Two developments with Toyota Motor (TM -2.40%) weren't greeted with enthusiasm by the stock market Thursday. Investors exited the stock, to the point where it was trading down by almost 3% in late-session trading. That was a steeper fall than the 0.4% dip of the S&P 500 index at that point.American EV a long way offThe first piece of news was about Toyota's electric vehicle (EV) efforts. An artic ...

Japan’s auto giant Toyota (TM) is investing another $500 million in California-based electric vertical takeoff and landing (eVTOL) company Joby Aviation (JOBY) . This capital injection is aimed at accelerating Joby’s certification process and commercial production, signaling Toyota’s belief in the future of urban air mobility.The $500 million commitment will be delivered in two tranches, with the first installment expected by the end of this year and the second by 2025. It will bring Toyota’s total investme ...

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 ...