A "Volkswagen With Wings"?

Annie Lowrey finds a flying car:

[Carl] Dietrich and his cofounders came up with a design for a standard light aircraft with wings that fold up, tucking themselves close to the body of the plane for driving or extending to full wingspan for flying in just 20 seconds. This is not George Jetson's magically hovering bug: The Transition needs to take off and land at an airport. But once it is on solid land, it drives on regular paved road. 

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