Flies in 2018. Bankruptcy in 2019

Terrafugia has announced that its flying car will take flight by 2018.

There is a long history of flying cars (or roadable planes), and it never makes it to the mass market:

When will we finally pilot our own flying cars? It’s a question that’s haunted anyone who grew up watching sci-fi classics, and one American company claims they’re coming sooner than you’d think. Terrafugia is building the first-ever unmanned prototype of its TF-X flying car. They claim the vehicle will be ready for testing in 2018 and available for purchase by 2025.

The TF-X hybrid electric flying car looks mostly like a high-tech 4-seat sedan, except it’s equipped with fold-out wings that have twin electric motors on each side. These motors, powered by a 300 horsepower engine, can assume a horizontal position for flight and a vertical position for takeoff and landing. After using propellers to rise into the air (eliminating the need for any kind of runway), the vehicle would be capable of cruising at 200 mph for up to 500 miles.

There would be no need for a driver to have a pilot’s license, given that the car will be semi-autonomous. The driver can simply input the destination and allow the car to steer itself. The vehicle operator will, of course, have final say over whether the car should land in a particular area, and can abort landing at any time if the area seems unsafe.

This has been in the works for a long time, and I am sure that the most of the tech will work as promised.

After all there have been a dozen or so flying cars over the years.

They've just never made the leap from prototype to product.