Will it or won’t it? That’s the big question in the racing world this week as Toyota reportedly prepares to announce plans to reenter Formula 1 racing. It would mark a return after a failed effort ended 15 years ago. But Toyota is said to be partnering up this time, likely with the American F1 Haas team.
Stellantis has invested an additional $55 million in Archer Aviation, a pioneer in the fast-emerging field of drone-like flying taxis. That follows a previous $110 million investment the Euro-American automaker made in Archer. And it comes at a time when the start-up completed a milestone flight and is preparing to open up a new assembly plant in Georgia.
Larger automakers just can’t seem to stay away from EV startup Rivian. Ford Motor Co. once held a large, multi-billion dollar stake in the company and now Volkswagen plans to invest $5 billion in company. What does it mean? Go to Headlight.News for the story.