This week, with the publication of Terrafugia's request for four exemptions from the federal motor vehicle code, its Transition model, a roadable aircraft, moves one step closer to your garage. In fact, if all goes well, Terrafugia’s first production flying car will leave the factory in just 13 months. Cofounder Carl Dietrich was demonstrating their original car/Light-Sport Aircraft at West Coast locations this week. Before a group of about 50 people at the Palo Alto Airport in Palo Alto, California, he said the “general public is fascinated with the idea that there could be a practical flying car. It’s intoxicating.”
http://eaa.org/news/2010/2010-11-18_terrafugia.asp