The acquisition of flying car company Terrafugia by Zhejiang Geely Holding Group of China for an undisclosed sum seems likely to accelerate the long-awaited arrival to customer garages of what’s billed as the first practical flying car. It puts Terrafugia’s designs and ambition to transform personal aviation in the same corporate portfolio as Volvo, which has fared well under Geely ownership and is working with Uber to develop self-driving cars.
Source: aopaTerrafugia sale may accelerate flying car arrival