Video: Terrafugia "Flying Car" Makes First Flight

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What do we know about the Transition? Well, it's an unleaded-fueled front-wheel drive vehicle on the ground, It gets a fuel economy of around 30 MPG and has a top speed of 65 MPH. The design features an automotive-style entry and exit and it'll retail at a street price of $194,000 when it eventually goes on sale. But, you can reserve one now for just $10,000 at Terrafugia's website.