Ever see cool technology and say to yourself… “yup, I’m gonna get me one of those”? Well, enter the PAL-V One flying automobile – oh, you can invest in the company also if that’s your thing! The flying range will be between 350 (220 miles) and 500 km (315 miles), depending on the type, pay load and wind conditions. Driving, a PAL-V will have a range of about 1200 km (750 miles). It runs on gasoline like a conventional car and there will also be versions that use biodiesel or bio-ethanol. It can reach speeds of up to 180 km/h (110 miles/h) both on land and in the air.
See also http://pal-v.com/ for more info