-
Recent Posts
- US Auto Sales Forecast Trump Bump or Bumpy 25?
- Toyota Slashes 2025 Electric Vehicle Prices $6000
- Kenworth, Peterbuilt ABS Software Recall
- November Global Light Vehicle Sales Rate 93 Million
- Airports – More Safety, Capacity Improvements On Way
- Florida Man Pleads Guilty to Odometer Tampering
- December U.S. Auto Sales Start Strong
- Technical Tidbits – Porsche 1900 Wheel-Hub Motor
- French are Running Nissan Americas and in Japan
- GM About Face on Robo Taxi Development
- Stellantis and CATL JV for LFP Battery Plant in Spain
- Mustang GTD Laps Nürburgring in under Seven Minutes
- Tavares Out. Stellantis Back into ACEA!
- US Light Vehicle Sales Strong in November
- November Western European Car Sales Up
Recent Comments
- Lisa Jacobson on Fossil Fuel Phase Out or Cop Out at COP28?
- Stellantis on Carlos Tavares Out as Stellantis CEO
- NHTSA Fines Ford $165M for Flouting Recall Law | AutoInformed on Ford Recalls Defective Rear-view Cameras on 620,246 Vehicles
- Alfa Romeo Returns to Formula 1 in 2018 via Sauber on Alfa Romeo Returns to Formula 1 in 2018 via Sauber
- American Airlines and JetBlue Alliance Blocked | AutoInformed on Justice Sues to Block JetBlue’s Purchase of Spirit Airlines
Archives
Meta
Get intelligent commentary on the automobile business and its economic and social effects. Stay informed with AutoInformed.
Toyota to Invest in Joby Aviation EV Taxis!
In a quiet, overlooked announcement earlier this month, Toyota Motor Corporation (NYSE: TM) and Joby Aviation( NYSE: JOBY), a company developing electric air taxis for commercial passenger service, announced that Toyota will invest an additional $500 million to support the certification and commercial production of Joby’s electric air taxi. The investment will be made in two equal tranches, with the first targeted to close later this year and the second during 2025. This is part of a trend of traditional automobile companies transitioning to mobility companies on land, the seas, air or space.
“Today’s investment builds on nearly seven years of collaboration between our companies,” said JoeBen Bevirt, founder and CEO, Joby Aviation. “The knowledge and support shared by Toyota has been instrumental in Joby’s success and we look forward to deepening our relationship as we deliver on our shared vision for the future of air travel.” Continue reading →