Toyota makes new $394 million bet on flying taxis

Business Jan 16, 2020

Toyota makes new $394 million bet on flying taxis

Toyota Motor Co. is investing $394 million (¥43.3 billion) in Joby Aviation, one of a handful of companies working toward the seemingly implausible goal of making electric air taxis that shuttle people over gridlocked highways and city streets. Toyota is the lead investor in Joby's ...

Japanese government to give flying cars a jump-start

Business / Tech Jul 2, 2018

Japanese government to give flying cars a jump-start

The government will launch a public-private council this year to discuss the practical use of flying cars in hopes of bringing more companies outside the automobile industry into the effort, according to Chief Cabinet Secretary Yoshihide Suga. Given the slow development of such vehicles among ...

METI kicks off studies on putting flying cars into practical use

Business / Economy Mar 19, 2018

METI kicks off studies on putting flying cars into practical use

The Ministry of Economy, Trade and Industry has launched a series of studies into putting flying cars into practical use. The ministry said Monday that it intends to promote technological development and establish legislation through public-private cooperation on such futuristic vehicles, METI officials said. An advisory ...