The Moller Skycar is a prototype personal VTOL (vertical take-off and landing) aircraft invented by Paul Moller who has been attempting to develop such vehicles for fifty years (with limited success).
The craft said to be currently under development, the M400, is purported to transport four people. It is described as a car since it is aimed at being a popular means of transport for anyone who can drive, incorporating automated flight controls, with the driver only inputting direction and speed required with a cruising speed of 305 mph.
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The Daily Omnivore 