02/10/2009 05:12 am ET Updated May 25, 2011

Terrafugia Transition, World's First Flying Car, Prepares For Takeoff

IS it a car? Is it a plane? Actually it's both. The first flying automobile, equally at home in the sky or on the road, is scheduled to take to the air next month.

If it survives its first test flight, the Terrafugia Transition, which can transform itself from a two-seater road car to a plane in 15 seconds, is expected to land in showrooms in about 18 months' time.

Read more on Times Of London