Also info from a johntheadams youtube.
"The Terrafugia® Transition® Flying Car is Here! If you have a regular state-issued drivers license you can obtain an FAA Sports License with no medical exam. Cruising air speed: about 115 MPH (100 Knots). Speed on the ground: 65 MPH. Range: 450 Miles. And YES, it even has an INTEGRATED PARACHUTE that can protect both you AND the aircraft! Price: $190K ($10K deposit held in escrow)."Recent press releases form their website:
September 8, 2010: "Flying Car" Company Moves into Initial Production Facility (PDF)
July 25, 2010: "Flying Car" Moves Closer to First Delivery (PDF)
See new videos below.