NAGOYA, Japan -- Toyota Motor is investing $394 million into the U.S. "flying taxi" startup Joby Aviation, the Japanese company announced on Thursday.
Business deals
Toyota to invest $394m in US flying taxi startup Joby Aviation
Japanese carmaker will provide manufacturing technologies for mass production
The electric vertical takeoff and landing aircraft in development by Joby Aviation. Flying taxis are seen as a potential solution for urban congestion.
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