Finally! Flying Cars to Debut at New York International Auto Show:

Finally! Flying Cars to Debut at New York International Auto Show:

For more than a century, science fiction writers have been tormenting us with visions of flying machines that could be driven on roads as well as in air. A number of businesses have been pursuing this dream for a long time but none has taken off yet.
Now a Massachusetts-based company named Terrafugia has designed a flying car that

will be displayed at the New York International Auto show in April this year. The car, technically called the Transition, has foldable wings which retracts when it is on the road. The Transition has a wingspan of 26 feet that tucks in and out with the push of a button, altering between a flying machine and a car within 30 seconds. With a full tank, the car can fly for 460 miles at the speed of 110 miles per hour.
Terrafugia has said that the car will be ready for sale by the end of the year. It is expected to sell for $279,000 and about 100 of the aircraft/car have already been booked.
The flying car has been cleared by the National Highway Traffic Safety Administration (NHTSA) for use on roads and granted it special exemptions as a roadable aircraft. The car has also been cleared by the Federal Aviation Administration for flight as a "light sport aircraft".