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Here is a video of it's test flight:
The manufacturers say the car will be able to fly up to 500 miles on a single tank of petrol.
It reportedly has a cruising speed of 115mph.
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The car/plane is expected to go on sale to the public in about 18 months' time. Designer Car Dietrich says there are 40 orders in for the machine, which costs around £132,000 (approx $280,000). However, its makers insist that is still a good price for an aeroplane.
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Potential Problems!
Car Insurance or Plane Insurance...and take-off locations - it is generally illegal to take off from a road!
Visit the Terrafugia Website