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GM extends SAIC partnership with new 20-year agreement following China overhaul
InvestorsHub50d agobullish
GM extends SAIC partnership with new 20-year agreement following China overhaul

General Motors (NYSE:GM) has renewed its joint venture with China’s SAIC Motor for another 20 years, marking a new chapter for the partnership after a major restructuring of its operations in the Chinese market that included factory closures and a streamlined vehicle lineup. The renewed agreement preserves the companies’ 50-50 ownership structure and places greater emphasis on developing vehicles within China to better meet the preferences of local consumers.

Joby Aviation shares climb on exclusive UK air taxi partnership with Virgin Atlantic (NYSE:JOBY)
InvestorsHub64d agobullish
Joby Aviation shares climb on exclusive UK air taxi partnership with Virgin Atlantic (NYSE:JOBY)

Virgin Atlantic to become exclusive UK airline partnerJoby Aviation (NYSE:JOBY) shares gained 4% on Wednesday after the electric aircraft developer announced a long-term partnership with Virgin Atlantic to introduce commercial air taxi services across the United Kingdom. The agreement, unveiled during the Farnborough International Airshow, names Virgin Atlantic as Joby’s exclusive airline partner for UK air taxi operations.

Joby And Toyota Deepen Air Taxi Partnership With New Manufacturing JV
Benzinga83d agobullish
Joby And Toyota Deepen Air Taxi Partnership With New Manufacturing JV

Joby Aviation, Inc. stock rose Tuesday after the company and Toyota Motor Corporation formed a joint venture to support commercial production and scale-up of Joby’s electric air taxi aircraft. This builds upon a deep, multi-year collaboration and follows Toyota’s massive...