Flying car cleared for takeoff

Source: news.yahoo.com - 

Drivers hoping to slip the surly -- and traffic congested -- bonds of Earth moved a step closer to realizing their dream, as a US firm said it had successfully tested a street-legal plane.

Massachusetts-based firm Terrafugia said their production prototype "Transition" car-plane had completed an eight-minute test flight, clearing the way for it to hit the market within a year.

"With this flight, the team demonstrated an ability to accomplish what had been called an impossible dream," said founder Carl Dietrich.

The two-seater craft, which has the rounded features of a Fiat 500 and collapsible wings, is on presale for $279,000 and some 100 vehicles have already been ordered.

While many companies have successfully built a flying car, none have succeeded in producing more than a handful of models.

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