Toyota takes off

TOKYO: Toyota is moving into aircraft engines.

The Japanese parent has entered a joint-venture agreement to build and sell small aircraft engines in the U.S. from early next year.

The engine is based on a 4.0-liter V8 engine that Toyota uses on some luxury cars.

The twin-turbo engine comes with an air intercooler and full electronic control, an industry-first for this type of aircraft engine.

Cessna has expressed interest in putting the engine in some of its planes.