MIT graduates built an awesome vehicle that transforms from winged airplane to SUV-sized vehicle in 30 seconds (via Infrastructurist).
The Terrafugia was just approved by the FAA as a "light sport" aircraft -- although it does not currently have the safety features necessary for road approval, according to the The Register. Buy your own for $194,000 in 2011.
To read the full, original article click on this link: The FAA Has Approved The First Flying Car!
Author: Gus Lubin