TM Stock Recent News

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 and landing (eVTOL) aircraft sector. Shares of Joby Aviation surged by 25% following the news.

Joby Aviation's stock price surged over 20% after the company announced that Toyota Motors has agreed to invest $500 million to support the launch of its commercial air taxi service.

Recently, Zacks.com users have been paying close attention to Toyota Motor (TM). This makes it worthwhile to examine what the stock has in store.

Toyota has committed $894 million to Joby as part of a seven-year collaboration between the two companies

Toyota Motor said Wednesday it will invest another $500 million in Joby Aviation to support certification and commercial production of Joby's electric air taxi.

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 total investment from Toyota Motor Corporation in Joby to $894 million TOYOTA CITY, Japan, and SANTA CRUZ, Calif. , Oct. 2, 2024 /PRNewswire/ -- Toyota Motor Corporation (Toyota; NYSE: TM) and Joby Aviation, Inc. (Joby; NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced that Toyota will invest an additional $500 million to support the certification and commercial production of Joby's electric air taxi, with the aim of realizing the two companies' shared vision of air mobility.

Toyota Motor North America said on Tuesday it had built extra inventory of vehicles and parts ahead of the U.S. port strikes, which began earlier in the day.

Unleashing Power and Precision: Where Bold Sophistication Meets Thrilling Efficiency PLANO, Texas , Sept. 30, 2024 /PRNewswire/ -- Launching today, Toyota's new marketing campaign, "Stand Out in Every Sense," highlights the 2025 Toyota Crown Family in all its glory.

The U.S. government's traffic safety agency detailed the automaker's latest recall. This affects tens of thousands of its recent-model Corolla Crosses.

Contributions promote recovery; customer payment relief offers assist those in need PLANO, Texas , Sept. 27, 2024 /PRNewswire/ -- Toyota Motor North America and Toyota Financial Services announced efforts to assist those suffering from the impacts of Hurricane Helene and other recent natural disasters across the country.