Hi!
Toyota is working on a 4-place, SE recip fixed-gear. The engine and plane are a 100% Toyota design. It will have a FADEC engine (a single lever control for the engine, with computer control-no mixture or prop controls).
Their plan is to do for the airplane what Ford did with the Model-T for cars. They want to build a car that will be easy to use and affordable. The Model-T made the car a possibility for the masses, and Toyota wants to re-create that concept.
In the last month or so, a guy I work with was jumpseating on a flight, and struck up a conversation with his seatmate. The guy said he worked for an organization (he would not name it) that was working on building a brand-new aircraft on an assembly line that would be much better and much cheaper than designs currently available. I'm almost 100% sure he worked for Toyota, from the information my co-worker told me.
I am hopeful that in the future I will be able to afford a modern aircraft. It will be much simpler to operate than the 50-year old Piper/Cessna/Mooney designs, and will sell as new for a simliar price as a luxury automobile.
Cliff
DTW