Joby Aviation, Inc. (NYSE: JOBY) and Toyota Motor Corporation (NYSE: TM, 7203T) today announced the initial phase of what is termed a strategic manufacturing alliance by establishing the Joint Venture to realize air mobility. This will combine Joby’s pioneering work in electric eVTOL aircraft with Toyota’s expertise in production systems and operational excellence. The Strategic Alliance will initially focus on establishing the groundwork for commercial production, and advancing manufacturing excellence, with particular emphasis on further improving productivity, quality, and cost. Going forward, it will also support the expansion of Joby’s production capacity to support aircraft certification and meet anticipated growth in demand for its electric vertical take-off and landing (eVTOL) aircraft,” the companies said.*
“Toyota has been by Joby’s side for nearly a decade, providing invaluable guidance and support as we built the foundation for manufacturing our aircraft,” said JoeBen Bevirt (sic) founder and CEO of Joby Aviation. “Today’s announcement reflects the strength of our relationship and our shared confidence in the opportunity ahead. Together, we share a vision of making aerial mobility an everyday reality, and we look forward to delivering on that promise together.” Continue reading











Bridgewater Interiors Workers Ratify New UAW Contract
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UAW members who build seats for Ford F-150 pickup trucks and Dodge RAM Trucks have ratified a new contract by ~80%, the UAW said today.
“UAW Local 400 members at Bridgewater Interiors are another example of workers in the IPS sector [Independent Parts Suppliers – AutoCrat.]*who are ready to stand up and win their fair share,” said UAW President Shawn Fain. “They don’t treat IPS CEOs like second-class citizens. So why do they treat IPS workers that way? Whether you build axles or seats, the days of allowing IPS workers to be treated like second class citizens is ending.” Continue reading →