TOYOTA BOOSTS INVESTMENT IN SANTA CRUZ AIR TAXI COMPANY JOBY AVIATION BY $500M
- NEWS Desk Global
- Oct 2, 2024
- 1 min read
Toyota is investing another $500 million in Joby Aviation as part of a partnership aimed at helping get the American air taxi company's commercial business off the ground.
Toyota's investment will be used to support certification and production of Joby's electric air taxi, the companies said Wednesday, and brings Toyota Motor Corporation’s total investment in Joby to $894 million. After the investment, which will come in two equal tranches later this year and next, Toyota will own about 22% of Joby's outstanding shares.
Recent Posts
See AllWith final exams for the 2024–2025 academic year currently underway across UAE public and private schools following the national...
An Air India flight from London to New Delhi had just entered Iranian airspace when Israel launched a wave of missile strikes on Iran’s...
The Giants reunited with a familiar face. San Francisco signed veteran left-handed relief pitcher Scott Alexander to a minor-league...
Commenti