Terrafugia has completed flight testing of the Transition POC (Proof of Concept). Introducing the Transition®. Simply land at the airport, fold your wings up and drive home. 

 
Fly a distance of 725 kilometers at speeds of 115 km/hour;

requires a special license to drive and fly.

The time required for the transition from plane to car takes less than 30 seconds.
Vehicle speed 185 km/hour, range is 724 km on highways 
Vehicle is fueled with gasoline, and the price of the car is expected  to be around $200,000.

The first shipment will be in 2011

Forget Tata’s small car -NANO. Start saving to buy this little flying wonder by the year 2015 !  Truly Flying  Drive

Terrafugia has completed flight testing of the Transition POC (Proof of Concept). Introducing the Transition®. Simply land at the airport, fold your wings up and drive home. 

 
Fly a distance of 725 kilometers at speeds of 115 km/hour;

requires a special license to drive and fly.

The time required for the transition from plane to car takes less than 30 seconds.
Vehicle speed 185 km/hour, range is 724 km on highways 
Vehicle is fueled with gasoline, and the price of the car is expected  to be around $200,000.

The first shipment will be in 2011