Daily Mail: Like something out of a James Bond movie, the Terrafugia Transition flying car may be hitting US roadways as early as 2012. Cleared last year to fly by the Federal Aviation Administration, the “roadable aircraft” has now been declared officially road legal in the US. With the push of a button, drivers can convert the vehicle from a two-seater car to a plane in less than 30 seconds. It has a top speed of 65 mph on the road and 115 mph in the air. And with wings that fold up, the vehicle, which burns regular gas, can fit into a normal home garage. Although problems with suppliers have delayed its release date, Terrafugia says customers can reserve the Transition online with a $10 000 deposit.