Joby Aviation's Stock Is Rising After Teaming Up With Toyota For a New Manufacturing Venture
The two companies have formed a production joint venture.
Overview
Much like its next-generation air taxis, Joby Aviation (NYSE:JOBY) stock floated impressively higher after a new manufacturing joint venture with Toyota Motor (NYSE:TM) was announced. Joby’s shares flew to a more than 3% gain on Tuesday, easily topping the 0.8% rise of the benchmark S&P 500 index.
Here are the details of the deal as we know them, along with a few words on why it matters to the company.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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