Flying Car To Debut at 2012 New York Auto Show » Flying Car

In this undated photo provided by Terrafugia Inc., the company's prototype flying car, dubbed the Transition, travels down a street with its wings folded.  The vehicle has two seats, four wheels and wings that fold up so it can be driven like a car, and flew at 1,400 feet for eight minutes during its test flight on March 23, 2012. Commercial jets fly at 35,000 feet. (AP Photo/Terrafugia.com)

In this undated photo provided by Terrafugia Inc., the company’s prototype flying car, dubbed the Transition, travels down a street with its wings folded. The vehicle has two seats, four wheels and wings that fold up so it can be driven like a car, and flew at 1,400 feet for eight minutes during its test flight on March 23, 2012. Commercial jets fly at 35,000 feet. (AP Photo/Terrafugia.com)

In this undated photo provided by Terrafugia Inc., the company’s prototype flying car, dubbed the Transition, travels down a street with its wings folded. The vehicle has two seats, four wheels and wings that fold up so it can be driven like a car, and flew at 1,400 feet for eight minutes during its test flight on March 23, 2012. Commercial jets fly at 35,000 feet. (AP Photo/Terrafugia.com) MANDATORY CREDIT