not sure if i should believe, the link is from fox news so i am guess you would need both a pilots and drivers license for this? top speed of 115? not too bad probably not good for a long distance drive where you can easily hit 100 on stretches but for within the area pretty good plus you would avoid traffic for sure
This is real. It's MIT technology. They make presentations about it all the time. The idea is that they're not trying to make a car the flies, but a plane that can also be driven on the road. Supposedly it runs on regular car gasoline too.
Non-FauxNews link... http://www.huffingtonpost.com/2011/07/09/terrafugia-transition-flying-car_n_893402.html#s305568