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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 378.35

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Nov 10 4:00 PM EST

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To: Riskmgmt who wrote (88767)	4/8/2012 11:47:30 AM
From: Riskmgmt	Read Replies (1) of 217661

For the guy that has everything. Who said American innovation is dead! A group of Massachusetts Institute of Technology-trained engineers is trying to go where no corporation has gone before: building a profitable business selling flying cars. The Terrafugia Transition seats two and can take off and land from more than 5,000 public U.S. airfields. It can be driven on any road and runs on the same gasoline as high- performance cars. So far, the company said, 95 people have put down at least $10,000 to reserve one of the $279,000 planes. Depositors include pilots and the wealthy in search of the latest toy. Enlarge image The Terrafugia Transition "flying car" sits on display at the New York International Auto Show in New York on April 4, 2012. Photographer: Scott Eells/Bloomberg Play Video April 4 (Bloomberg) -- The Terrafugia Transition flying car is demonstrated at the 2012 New York International Auto Show. The combination aircraft and automobile seats two and can take off and land from more than 5,000 public U.S. airfields. Prices start at $279,000. (Source: Bloomberg) Whether the flying car gets off the ground or not, it’s a reminder -- amid all the talk of mileage standards and profit margins -- that cars have always been about dreams, from Marty McFly’s DeLorean to autos with propellers that turned into boats. Indeed, Carl Dietrich, Terrafugia’s founder and chief executive officer, has dreamed about this since he watched reruns of “The Jetsons,” the cartoon where George Jetson commuted to his job in a flying car. bloomberg.com :)

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