'Flying car' to take off this year

Washington, Jan 23 (ANI): A company in Boston, US, has developed a 'flying car', and is planning to conduct test flights of the vehicle this year.
According to a report in Discovery News, the vehicle, named 'Transition', is actually a two-seater airplane that also moonlights as a car.
Though some people are calling it a 'flying car', the company designing and selling the vehicle prefers the term "roadable aircraft."
"It's probably a concept that people have been dreaming up since there have been airplanes and cars," said Dick Knapinski with the Experimental Aircraft Association, a aviation group based in Oshkosh, Wisconsin.
According to the company, "You sit down behind the steering wheel, drive to the runway, unfold two wings and take off. You can fly 500 miles on a tank of gas - regular unleaded - and when you land, you simply fold up the wings and drive where you want to go."
"At the end of the day, you fly back, drive home and park inside your garage," it added.
Terrafugia, founded in 2006 by a group of MIT students, has taken deposits for more than 40 'Transitions' and plans to begin deliveries in 2010, according to Richard Gersh, vice president of business development.
The vehicles would sell for 194,000 dollars.