Oct. 02, 2024 Investment to be made in two equal tranches, with the first targeted to close later this year and the second in 2025 Funds will support certification and commercial production of Joby’s electric air taxi Investment terms to include plans to establish a manufacturing alliance for the first phase of commercialization Will bring… Continue reading @Toyota: Toyota to Invest $500 Million in Joby Aviation
Tag: Toyota
@Toyota: Toyota To Invest $500 Million in Joby Aviation
About JobyJoby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. To learn more, visit www.jobyaviation.com. About ToyotaToyota (NYSE:TM), creator of the Prius hybrid and the Mirai fuel… Continue reading @Toyota: Toyota To Invest $500 Million in Joby Aviation
@Toyota: Toyota to Invest $500 Million in Joby Aviation
Oct. 02, 2024 Investment to be made in two equal tranches, with the first targeted to close later this year and the second in 2025 Funds will support certification and commercial production of Joby’s electric air taxi Investment terms to include plans to establish a manufacturing alliance for the first phase of commercialization Will bring… Continue reading @Toyota: Toyota to Invest $500 Million in Joby Aviation
Japanese sponsors Toyota, Bridgestone and Panasonic end Olympic contracts
TOKYO (AP) — The International Olympic Committee’s three major Japanese sponsors — Toyota, Panasonic and Bridgestone — are terminating their contracts. This leaves the IOC without a Japanese sponsor with the focus now expected to shift to the Middle East and India for new sponsorship income. Japanese sponsors have turned away from the Olympics, likely… Continue reading Japanese sponsors Toyota, Bridgestone and Panasonic end Olympic contracts
Toyota to invest $500mn in flying taxi start-up Joby
$75 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT… Continue reading Toyota to invest $500mn in flying taxi start-up Joby
Toyota puts another $500 million into an air taxi startup Joby
/ Toyota is increasing its support for Joby Aviation to get the ball rolling on eVTOL aircraft manufacturing plans. By Umar Shakir, a news writer fond of the electric vehicle lifestyle and things that plug in via USB-C. He spent over 15 years in IT support before joining The Verge. Share this story Toyota is… Continue reading Toyota puts another $500 million into an air taxi startup Joby
European automakers most at risk from US dockworkers strike
European automakers, many of which use the ports on strike, would be the most affected, Levy said in a research note. European automakers are the most likely to be affected by the dockworkers strike at U.S. East Coast and Gulf Coast ports because they rely heavily on those locations, but a longer walkout could prove… Continue reading European automakers most at risk from US dockworkers strike
High inventory levels stifle sales in September, carmakers target festive season for growth
September turned out to be just like August, a tepid month which saw the top three passenger vehicle manufacturers register a year-on-year wholesales decline. While Maruti Suzuki’s dispatches to showrooms were down 4%, Hyundai Motor India posted a 6% reduction in volumes and Tata Motors 8 percent. Tata Motors’ much-reduced volumes meant that M&M, which… Continue reading High inventory levels stifle sales in September, carmakers target festive season for growth
Forklift Trucks Market to Grow by USD 23.26 Billion (2024-2028), with Construction Growth and AI Redefining the Market Landscape – Technavio
NEW YORK, Oct. 1, 2024 /PRNewswire/ — Report with market evolution powered by AI – The Global Forklift Trucks Market size is estimated to grow by USD 23.26 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 7.2% during the forecast period. Rapid growth in construction sector is driving market growth, with… Continue reading Forklift Trucks Market to Grow by USD 23.26 Billion (2024-2028), with Construction Growth and AI Redefining the Market Landscape – Technavio
GM nears double-digit EV market share in the US after Q3 sales surged
GM is eyeing double-digit market share in the US EV market after sales surged 60% in Q3 compared to last year. With new models like the Chevy Blazer, Equinox, and Silverado EVs rolling out nationwide, GM looks to top rival Ford by the end of 2024. With GM’s “EV for everyone” strategy finally unfolding, electric… Continue reading GM nears double-digit EV market share in the US after Q3 sales surged