Day: March 4, 2020

Toyota makes $394M investment in electric flying car startup

Toyota is making its first big bet on the airborne urban mobility market of the future by investing $394 million in Joby Aviation, a California-based company that has developed a four-passenger, battery-electric vertical takeoff and landing aircraft.

Toyota served as the lead investor in Joby’s $590 million Series C financing round and says it will share its vaunted expertise in manufacturing, quality and cost controls to help Joby develop, produce and commercialize its eVTOL aircraft. Toyota will also appoint Executive Vice President Shigeki Tomoyama to the Joby board of directors.

The move gives the automaker a presence in the increasingly popular “flying car” segment that has seen the likes of Hyundai, Porsche, Audi and Uber start to develop airborne taxi concepts as one solution to rising urban traffic congestion.

Toyota filed for patent protection back in

12 Best Sportscars We’ve Driven this year

12 Best Sportscars We’ve Driven This Year

We’re starting a new tradition. Instead of waiting until the end of the year to tell you which car was the best in each segment, we’re going to give it to you in real time. We’re driven a ton of incredible sportscars (whether humble front-drivers or full-bore supercars) so far this year.

We’ve ranked them in order of how far they blew our socks off. When we drive something new, we’ll update the rankings and tell you why. But for Winter 2018, this is how they stack up.

2017 Aston Martin V12 Vantage S

It’s getting old, and there are plenty of cars that beat it in the paper numbers game. But the 2017 Aston Martin V12 Vantage S offers something that nothing else out there does right now: a big

Volkswagen is ending its unbeatable warranty for the 2020 model year

The very good 6-year/72,000-mile bumper-to-bumper warranty for all new Volkswagens is coming to an end. Automotive News discovered the news, learning that a new warranty would be put in place for all Volkswagens for the 2020 model year. That new program brings the coverage down to a 4-year/50,000-mile bumper-to-bumper warranty, which is still a solid new car warranty in the U.S.

Along for the ride with the new warranty strategy are two years of free, factory-covered maintenance for all 2020 VW owners. That means you shouldn’t have any out-of-pocket scheduled maintenance costs for the first two years of ownership. If you end up blowing a tire or bending a rim, though, expect to cough up some cash.

It’s widely accepted that the impressive VW warranty was a response to the company’s dieselgate crisis. The hope was to win back