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Toyota Investing In Flying Car Project With Takeoff Scheduled For Next year

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Toyota is set to finance a flying car project that could take flight by 2018.

The Japanese car firm will give engineers £274,000 to develop jet-propelled vehicles that will travel up to 10 metres from the ground.

Drone technology is being used to power the three-wheeled prototypes, which measure just nine-and-a-half feet by four feet, and have a projected top speed of 62mph.

Other firms in the US, China, Germany, and the Netherlands have been attempting to develop flying cars.Lilium, a Munich-based group backed by Skype co-founder Niklas Zennström, completed successful test flights of a flying five-seater taxi in April.

The company says their jet has a range of 190 miles and a top speed of 186mph.

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