A group of Massachusetts Institute of Technology-trained engineers is trying to go where no corporation has gone before: building a profitable business selling flying cars.
The Terrafugia Transition seats two and can take off and land from more than 5,000 public U.S. airfields. It can be driven on any road and runs on the same gasoline as high-performance cars. So far, the company said, 95 people have put down at least $10,000 to reserve one of the $279,000 planes. Depositors include pilots and the wealthy in search of the latest toy.
Full Story: Flying-car maker Terrafugia hoping it takes off