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Toyota will plow $800 million into its factory in Georgetown, Ky., and $200 million for its Princeton, Ind., facility.

Joby is among a handful of startups developing eVTOL aircraft — electric vertical takeoff and landing vehicles — to fly customers on short commuter journeys via battery-powered air taxis.

Honda’s sales of EVs will take a back seat to gas-fueled cars and SUVs in response to growing demand for low-cost models, said Lance Woelfer, the head of Honda’s U.S. sales operations.

Cintas said its new bid implies a total value of about $5.2 billion. It represents a 62% premium to the stock’s last closing price after shares fell in the wake of the last offer being rebuffed in March.

The company is among a handful of startups developing electric vertical takeoff and landing vehicles to fly customers on short commuter journeys via battery-powered air taxis.

The Transportation Department and the FAA have said they relied on data, including reports from pilots of controller responsiveness, to make the decision to reduce flights.

CFO Claire McDonough said the EV maker anticipates starting construction on the Georgia factory next year and seeking reimbursement from a Department of Energy loan once it’s completed.

Rivian Automotive agreed to pay $250 million to settle an investor lawsuit against the electric vehicle maker, saying it’s eager to put the legal wrangling behind it. 

Honda and Helm.ai will collaborate on producing advanced driver assistance systems for Honda’s vehicles by 2027.

Air taxi startup Joby Aviation expects to have five aircraft in one of the final phases of certification next year as it aims to start commercial flights in early 2026, according to its CEO.