Flying car gets OK from FAA The Federal Aviation Administration has approved the Terrafugia Transition, a flying car built by a team of MIT engineers. It can reach a cruising speed of 115 mph in the air and gets 30 mpg on the ground. Read more on KING5 Seattle Flying car gets OK from FAA

Flying car: It flies! It drives! But will it sell? Flying car has generated more than 70 preorders, according to Terrafugia, which aims to capture about 10 percent of the general aviation market. Read more on The Christian Science Monitor Flying Car — just like the Jetsons — gets green light from FAA (VIDEO) Flying