Akio Toyoda

Takeoff and cruise: Toyota making 'flying car,' luxury boat

Toyota Motor Corp. is working on a "flying car."

A startup backed by the Japanese automaker has developed a test model that engineers hope will eventually develop into a tiny car with a driver who'll be able to light the Olympic torch in the 2020 Tokyo games. For now, however, the project is a concoction of aluminum framing and eight propellers that barely gets off the ground and crashes after several seconds.

Toyota has invested 42.5 million yen ($386,000) in startup Cartivator Resource Management to work on "Sky Drive ." At a test flight Saturday in the city where the automaker is based, the gadgetry, about the size of a car and loaded with batteries...

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