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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.

Toyota is looking into offering a compact pickup in the U.S., potentially joining Ford and Hyundai in competing in the growing market for entry-level trucks.

Japan’s biggest carmakers are looking at a hit of more than $19 billion from President Donald Trump’s tariffs that have left the global auto industry reeling.

Toyota said U.S. tariffs will result in a $1.3 billion hit to operating income in just two months, with the carmaker joining a growing list of companies grappling with the trade turmoil.