Air taxi maker Joby Aviation spikes 27% following a $250 million Toyota investment

5/28/25 1:16PM

Electric air taxi company Joby Aviation is getting some wind beneath its carbon fiber propellers following an announcement that it received a $250 million investment from Toyota.

The money is half of a larger sum Toyota said it would pour into Joby last October. Toyota, the world’s largest automaker, also invested about $400 million in Joby in 2020. Joby shares shot up 27% in midday trading.

Companies specializing in electric vertical takeoff and landing (eVTOL) aircraft have struck some significant deals lately. In April, Archer Aviation, which was recently selected as the “Official Air Taxi Provider” of the LA Olympics in 2028, said it’s partnering with United Airlines to create an NYC airport shuttle service.

Joby in March said it would partner with Virgin Atlantic to launch its air taxi service in the UK, adding to its exclusive deal with Delta Air Lines.

While air taxi companies are partnering with airlines for shuttle service, they’ve been partnering with automakers for manufacturing. Like Toyota’s production partnership with Joby, Archer has received multimillion-dollar investments from Jeep maker Stellantis. Meanwhile, Hyundai has its own eVTOL startup called Supernal. Plane manufacturers Boeing and Airbus are similarly developing their own electric air taxis.

Max Knoblauch5h

Ford’s April EV sales climb from March but make up less than 2% of its total sales this year

Ford sold 22% more EVs in April than in March, but the category makes up just 1.7% of the automaker’s total 2026 sales through April. At the same point last year, EVs were about 4% of sales.

The company released its April sales figures Monday morning, with EVs climbing sequentially but still down nearly 25% from last year. Its more popular hybrids were down 5% from March and about 33% from last year.

Overall, Ford posted a 14.4% drop in sales in April from last year. SUVs were down more than 16%, trucks fell more than 14%, and cars (the company doesn’t sell many) climbed 18%.

When it reported its Q1 earnings last week, Ford boosted its full-year guidance for adjusted earnings before interest and taxes to between $8.5 billion and $10.5 billion.

Rani Molla7h

Amazon opens up its supply chain to everyone

Today Amazon unveiled Supply Chain Services, a new business that turns the vast warehousing and logistics network behind its e-commerce empire into a product for other companies — an AWS-style move applied to the physical world.

As Amazon put it: “Any business can now move, store, and deliver everything from raw materials to finished products using the same supply chain that supports Amazon and its independent selling partners.”

That could make Amazon a behind-the-scenes operator for an even wider swath of commerce, expanding its reach beyond its marketplace and helping it capture more of the $1.3 trillion third-party logistics market.

Shares of traditional shipping companies UPS and FedEx fell after the announcement.

Amazon listed Procter & Gamble, 3M, and American Eagle among the logistics service’s first customers.

Introducing Amazon Supply Chain Services: Amazon’s logistics network, now open to every business

Shares of traditional shipping companies UPS and FedEx fell after the announcement.

Amazon listed Procter & Gamble, 3M, and American Eagle among the logistics service’s first customers.

Ford Announces Plans For New Electric-Vehicle Battery Plant

Ford’s leaving the door open for a Chinese automaker collaboration, says RBC

US lawmakers have raced to introduce legislation to lock in restrictions on cheaper Chinese vehicles and parts ahead of the Trump-Xi meeting in May.

Max Knoblauch4/30/26

Max Knoblauch

4/30/26

Xbox has “work to do” as console sales drop 33% in Q3

Microsoft said gaming revenue fell by $380 million in the quarter.

Airlines Cut Flights As Concerns Grow Over Jet Fuel Prices And Shortages

The 6 biggest US airlines spent $1.2 billion more on fuel in Q1, and things are about to get worse

Carriers expect to pay about $4.26 per gallon for jet fuel in Q2, up from $2.80 in Q1.

Max Knoblauch4/28/26