Joby-Toyota manufacturing joint venture fuels pre-market surge in Joby shares
Joby Aviation shares jumped in pre-market trading after a regulatory filing disclosed a Toyota-led manufacturing joint venture to build Joby’s S4 Series eVTOL. The filing outlines a 51%-49% ownership split, signals a shift toward scalable production as Joby works through Stage 4 of FAA certification, and arrives while Joby holds about $2.5 billion …