Toyota invests $500M in air taxi company Joby

10:00am, Saturday, 05'th Oct 2024
Joby Aviation (JOBY) has received $500 million in additional funding from Toyota (TM), bringing Toyota's total investment in the aerospace company to nearly $1 billion. Joby Aviation CEO JoeBen Bevirt
Japanese automaker Toyota is boosting its investment in Joby Aviation by $500 million, bringing its total investment in the air taxi manufacturer to $894 million. Joby CEO JoeBen Bevirt joins Caroline
TM delays U.S. EV production to early 2026, pushing back plans to assemble a three-row electric SUV at its Kentucky plant, initially set for 2025.

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CNBC's Becky Quick reports on the latest news.

Why Toyota Stock Was Sinking Today

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Investors weren't keen on news of a production delay and a multimillion-dollar investment in an air taxi company.
The latest $500 million commitment brings TM's total investment in JOBY to $894 million.
Joby Aviation (NYSE: JOBY) has received an additional $500 million investment from Toyota (NYSE: TM) to support certification and production of its electric air taxis. This brings Toyota's total inves
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

Toyota Delaying U.S. EV Production. Here's Why.

08:26am, Thursday, 03'rd Oct 2024
The company's new all-electric SUV will be pushed back to 2026, according to a Nikkei report.
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 automak
Japanese 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 a
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 vertic
Toyota Motor (NYSE:TM) has announced a $500 million investment in Joby Aviation Inc (NYSE:JOBY), increasing its stake in the air taxi firm as the company aims to launch commercial services next year.
Japanese automaker Toyota Motor would postpone the production of electric vehicles at its Kentucky plant in the US to the first half of 2026, citing design adjustments and slowing sales, the Nikkei bu
Toyota Motors (NYSE: TM) announced on Wednesday its plan to invest an additional $500 million in Joby Aviation Inc. (NYSE: JOBY), signaling its continued commitment to the electric vertical takeoff an
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