-
Recent Posts
- IMSA Street Fight – 2026 Acura Grand Prix of Long Beach
- Mustang GTD Runs Record Nordschleife Lap at 6m 40.835s
- Honda Fastport eQuad Vehicles Link to Bird and Spin
- Bosch Group Plans Sales, EBIT Growth after a So-So 2025
- Stellantis Q1 2026 Shipments Up 12% at 1.4 Million
- Light-Duty Fuel Cell Trucks – Isuzu, Toyota Collaboration!
- Airbag Malware – Honda Recalls ~440,000 Odyssey Vans
- Trumped – Used Car Prices Spike after Hitting 12-Month Low
- Nissan in Survival Mode Sheds Models for Next Gen Products
- IONNA Partners with Circle K on EV Charging
- IndyCar Makes Single Car Qualifying Permanent with Tweaks
- EcoCAR Innovation Challenge Pits General Motors v Stellantis
- Mercedes-Benz and MBUSA Post Q1 2026 Sales Drops
- Porsche AG Q1 2026 Sales Drop 15%
- Volkswagen ID.4 U.S. Production Ends. Atlas Begins
Recent Comments
- Council on Foreign Relations on Iran and Strait of Hormuz on AAA – Pump Gasoline Prices Still Soaring
- Autocrat on Stellantis Subordinated Perpetual Hybrid Bonds on Stellantis Posts Full Year 2025 Loss of €22.3B
- Michigan Governor Whitmer on Pew – Confidence in Trump Dips, Fewer Support His Policies
- Porsche Motorsport Daytona Victory on Daytona 24 Hours – Old and New Stars Getting Ready to Run
- UAW Ford Department Director VP Laura Dickerson on Trump's Ford Plant Visit on Whitmer Stands in Stark Contrast to Trump at Detroit Auto Show
Archives
Meta
Tag Archives: JoeBen Bevirt
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
Posted in autonomous vehicles, aviation, economy, electric vehicles, engineering, environment, global warming, milestones, news analysis, shows and events, software defined vehicles, transportation
Tagged akio toyoda, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, electric air taxis, JoeBen Bevirt, Ken Zino, NYSE: JOBY, NYSE: TM, Tetsuo Ogawa, Toyota Ventures, X @KenAutoinformed
Leave a comment
Toyota Motor, Joby Aviation Meet at Toyota’s Technical Center
Toyota Motor Corporation and Joby Aviation executives came together at Toyota’s Higashi-Fuji Technical Center in Shizuoka, Japan on Saturday 2 November. Present were Akio Toyoda, chairman Toyota Group, and Joby CEO and founder, JoeBen Bevirt, along with Joby’s air taxi, an electric vertical takeoff and landing aircraft (eVTOL*). After its first flights in Japan on previous day, the plan was to get senior executives on board, so to speak.
However, the weather kept them on the ground. Nonetheless, their aspirations still soared upward. “Since its founding, Toyota has been working to realize a society in which everyone can move freely. About 100 years ago, in 1925, Sakichi Toyoda, founder of the Toyota Group, offered a prize to encourage the development of a storage battery that could provide enough performance ‘to fly an airplane across the Pacific Ocean.’ Since then, Toyota has continued to focus on the challenge of air mobility through the generations,” Toyota said in a release likely prepared when the Sun was shining. Continue reading →