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    7203   JP3633400001

TOYOTA MOTOR CORPORATION

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Toyota Motor : Electric air taxi startup Joby to add LinkedIn co-founder, Google exec to board

07/23/2021 | 11:58am EDT

July 23 (Reuters) - Electric air taxi startup Joby Aero Inc will add Silicon Valley heavyweight Reid Hoffman and executives from Google and Toyota to its board, as the company prepares to go public through a merger with a blank-check firm.

Reinvent Technology Partners, a special purpose acquisition company (SPAC) headed by LinkedIn co-founder Hoffman, Zynga founder Mark Pincus and longtime investor Michael Thompson, is taking the 12-year-old company public in a $6.6 billion reverse merger.

Apart from Hoffman, the other members to be added to the board include Google General Counsel Halimah DeLaine Prado, Toyota Motor Corp board member and operating officer James Kuffner, and former Southwest Airlines CFO Laura Wright. (https://bwnews.pr/3y2TEoi)

The deal is expected to close in the second quarter, following which the combined company will be called Joby Aviation Inc and will trade on the New York Stock Exchange.

Joby's electric aircraft is expected to operate as part of an air taxi service beginning in 2024. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Anil D'Silva)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -0.97% 2851.371 Delayed Quote.64.81%
TOYOTA MOTOR CORPORATION -0.70% 9876 End-of-day quote.24.12%
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Analyst Recommendations on TOYOTA MOTOR CORPORATION
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Financials
Sales 2022 31 153 B 284 B 284 B
Net income 2022 2 666 B 24 305 M 24 305 M
Net Debt 2022 17 313 B 158 B 158 B
P/E ratio 2022 10,5x
Yield 2022 2,89%
Capitalization 27 558 B 252 B 251 B
EV / Sales 2022 1,44x
EV / Sales 2023 1,37x
Nbr of Employees 366 283
Free-Float 71,1%
Chart TOYOTA MOTOR CORPORATION
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Toyota Motor Corporation Technical Analysis Chart | 7203 | JP3633400001 | MarketScreener
Technical analysis trends TOYOTA MOTOR CORPORATION
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Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 9 876,00 JPY
Average target price 11 236,84 JPY
Spread / Average Target 13,8%
EPS Revisions
Managers and Directors
Akio Toyoda Executive President, CEO & Representative Director
Kenta Kon CFO, Director & Chief Officer-Accounting Group
Takeshi Uchiyamada Chairman
Keiji Yamamoto Chief Information, Security & Software Officer
Seiji Sakai Manager-Information Systems & IT Management
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