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How Investors Are Reacting To Toyota Motor (TSE:7203) Taking Majority Control Of Joby’s Air Taxi JV
Recently, Joby Aviation and Toyota Motor Corporation formed the Joby Toyota Aero Manufacturing Preparation Company joint venture, giving Toyota a majority stake and exclusive manufacturing rights for Joby’s S4 electric vertical take-off and landing aircraft as they prepare for commercial air taxi production.
This move extends Toyota’s role beyond traditional autos and financial backing into hands-on production of electric air taxis, potentially reshaping how investors view its long-term...