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MMike Newz... Toyota considering entering the aircraft industry

N8 v2.0

Not the sharpest tool in the shed
Oct 18, 2002
11,007
149
The Cleft of Venus
and god knows MMike loves being "entered..."
:twitch:


Toyota considers entering aircraft industry: official

Japan's Toyota Motor, which is widely expected to overtake General Motors this year as the world's top-selling automaker, is considering entering the aircraft industry, a spokeswoman said Wednesday.

Toyota may put up funds to a company to be set up by Mitsubishi Heavy Industries for its passenger jet project, Toyota spokeswoman Kayo Doi said.

"Mitsubishi Heavy has invited us to invest (in the venture) and we are considering it," she said, while adding nothing has been decided yet.

The comment came after a report Wednesday in the Asahi Shimbun daily which says Toyota plans to put up 10 billion yen (97 million dollars) in the venture to be set up in April.

Mitsubishi has been developing small passenger airplanes under its Mitsubishi Regional Jet project.