1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. Toyota Motor Corporation
  6. News
  7. Summary
    7203   JP3633400001

TOYOTA MOTOR CORPORATION

(7203)
  Report
Delayed Japan Exchange  -  02:00 2022-07-05 am EDT
2116.50 JPY   +0.17%
11:08aTaiwan Semiconductor Manufacturing, Toyota Supplier Showa Denko Flags More Increases in Chip Material Prices
MT
06:43aTOYOTA MOTOR : - Form 6-K
PU
07/04TOYOTA MOTOR : Shareholders & Investors News
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

U.S. FAA shifts gears on certifying future 'flying taxi' pilots

05/10/2022 | 07:10pm EDT
Flying taxi company Archer Aviation unveils all-electric aircraft in Los Angeles

WASHINGTON (Reuters) - The Federal Aviation Administration (FAA) said Tuesday it had shifted course on its approach to approving pilots of future electric vertical takeoff and landing aircraft (eVTOL) but does not expect it would delay certification or operational approvals.

The eVTOL aircraft have been touted as air taxis that could be the future of urban air mobility. The low-altitude urban air mobility aircraft has drawn a huge amount of interest around the world as numerous eVTOL companies have gone public.

The FAA said in a statement it would pursue "a predictable framework that will better accommodate the need to train and certify the pilots who will operate these novel aircraft. "The flexibility, the FAA added, "will eliminate the need for special conditions and exemptions.

The FAA said it was modifying its regulatory approach because regulations designed for traditional airplanes and helicopters "did not anticipate the need to train pilots to operate powered-lift, which take off in helicopter mode, transition into airplane mode for flying, and then transition back to helicopter mode for landing."

Pete Bunce, who heads the General Aviation Manufacturers Association (GAMA), said in an email the FAA decision is "in our minds detrimental to safety, and increases the workload on the FAA dramatically. This is bad policy for so many reasons."

Many eVTOL startups are backed by major airlines or other large companies. Toyota Motor Corp has a stake in Joby Aviation, Archer Aviation is backed by United Airlines and Stellantis NV, while Vertical Aerospace - a Bristol-UK-based manufacturer - is backed by investors such as American Airlines Group Inc and Honeywell International Inc.

Joby is targeting the launch of its aerial ridesharing service in 2024.

The FAA said its process "for certifying the aircraft themselves remains unchanged. All of the development work done by current applicants remains valid and the changes in our regulatory approach should not delay their projects."

The Air Current reported the shift earlier.

The FAA briefed Congress on the issue on April 29, and the Transportation Department's Office of Inspector General said in March it would review the basis for certification of eVTOLs.

(Reporting by David Shepardsonl; editing by Bernard Orr)

By David Shepardson


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AMERICAN AIRLINES GROUP INC. 3.43% 13.6054 Delayed Quote.-26.89%
ARCHER AVIATION INC. 4.84% 3.0372 Delayed Quote.-52.15%
HONEYWELL INTERNATIONAL INC. -2.39% 171.04 Delayed Quote.-16.02%
JOBY AVIATION, INC. 2.45% 5.02 Delayed Quote.-32.88%
STELLANTIS N.V. -3.10% 11.24 Real-time Quote.-30.45%
STELLANTIS N.V. -3.07% 11.24 Delayed Quote.-30.50%
TAKE OFF S.P.A. 0.27% 3.67 Delayed Quote.-15.77%
TOYOTA INDUSTRIES CORPORATION 0.73% 8250 Delayed Quote.-10.88%
TOYOTA MOTOR CORPORATION 0.17% 2116.5 Delayed Quote.0.36%
UNITED AIRLINES HOLDINGS, INC. 1.06% 36.838 Delayed Quote.-16.77%
VERTICAL AEROSPACE LTD. -3.82% 2.895 Delayed Quote.-55.27%
All news about TOYOTA MOTOR CORPORATION
11:08aTaiwan Semiconductor Manufacturing, Toyota Supplier Showa Denko Flags More Increases in..
MT
06:43aTOYOTA MOTOR : - Form 6-K
PU
07/04TOYOTA MOTOR : Shareholders & Investors News
PU
07/04SPECIAL EXHIBITION "LET'S THINK ABOU : Part 2"
PU
07/046 HOURS OF MONZA : PreviewTOYOTA GAZOO Racing ready for new challenges
PU
07/01Toyota Exceeds US Hybrid/Electric Tax Credit Sales Limit, Bloomberg Says
MT
07/01Toyota Motor North America Reports 18% Decline in US Sales in June
MT
07/01TOYOTA MOTOR : Social Contribution Activities
PU
07/01Mazda Toyota Manufacturing Hosts Community Appreciation Event; Awards $180,000 in donat..
AQ
07/01General Motors May Outsell Toyota in Q2, Analysts Say
MT
More news
Analyst Recommendations on TOYOTA MOTOR CORPORATION
More recommendations
Financials
Sales 2023 34 972 B 258 B 258 B
Net income 2023 2 939 B 21 650 M 21 650 M
Net Debt 2023 19 046 B 140 B 140 B
P/E ratio 2023 10,0x
Yield 2023 2,87%
Capitalization 29 042 B 214 B 214 B
EV / Sales 2023 1,38x
EV / Sales 2024 1,27x
Nbr of Employees 372 817
Free-Float 70,0%
Chart TOYOTA MOTOR CORPORATION
Duration : Period :
Toyota Motor Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TOYOTA MOTOR CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 19
Last Close Price 2 116,50 JPY
Average target price 2 481,11 JPY
Spread / Average Target 17,2%
EPS Revisions
Managers and Directors
Akio Toyoda Director & General Manager-Asia
Kenta Kon Chief Financial Officer, Director & GM-Accounting
Takeshi Uchiyamada Director & Manager-Development Center 2
Keiji Yamamoto Chief Information & Security Officer
Seiji Sakai Manager-Information Systems & IT Management
Sector and Competitors
1st jan.Capi. (M$)
TOYOTA MOTOR CORPORATION0.36%213 863
VOLKSWAGEN AG-28.44%80 288
MERCEDES-BENZ GROUP AG-20.92%59 634
BMW AG-17.74%49 885
GENERAL MOTORS COMPANY-45.10%46 941
FORD MOTOR COMPANY-45.50%45 504