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Factories in West Virginia, Kentucky, Mississippi, Tennessee and Missouri will see 252 new jobs as a result of the initiative, the world’s biggest carmaker said in a statement. 

The joint venture partners aim to each hold a 25% stake in the JV, with the remaining shares set to be listed on the Tokyo Stock Exchange’s prime market for large corporations.

Toyota’s estimate dwarfs recent forecasts from global heavyweights as the auto industry contends with fast-changing policies that are seeing costs balloon.

Air taxi startup Joby Aviation plans to double aircraft output capacity at its main production site in California, just weeks after completing its first piloted test flights.

Toyota Motor is tapping the brakes on plans to build electric vehicles in the U.S. to free up manufacturing capacity for a popular gas-powered SUV.

Toyota and Daimler Truck have agreed to finalize a merger of their truck manufacturing subsidiaries, Hino Motors  and Mitsubishi Fuso Truck & Bus, under a new holding company by April 2026.

The Toyota group’s proposal to privatize Toyota Industries is drawing criticism from investors and analysts, who argue the $33 billion deal significantly undervalues the company.

Joby Aviation is working toward an agreement to sell as many as 200 of its air taxis to a major Saudi Arabian investor in a deal potentially worth as much as $1 billion.

Toyota is betting Americans are ready for more U.S.-made electric vehicles. And if they aren’t, it has a plan: exports.

Toyota has invested $250 million in Joby Aviation, completing the first half of a previously announced $500 million commitment and becoming the air taxi maker’s largest shareholder.