Portland Business Journal - The idea of a flying car might seem like something out of a science fiction novel, but it may soon become a reality.
All it'll take is about $30 million in funding and some patience.
Terrafugia, a Woburn manufacturer of flying cars has been working on its vehicles for almost eight years. The MIT-born company has been working on two kinds of cars: the Transition, which is scheduled to be released in mid-2016 and can fly at speeds of up to 100 miles per hour at up to 10,000 feet in the air.
It is also in a conceptual design phase with the TF-X, a semi-autonomous plug-in hybrid vehicle that can take off and land vertically and can fly at speeds of up to 200 miles per hour. The TF-X does not have a price tag yet and will take about 8 to 12 years before it's a reality. Read More
