Will sales of flying car take off?

2 April 2012 Last updated at 15:47 ET Help

A Dutch company is launching a vehicle which can be driven on land, or flown in the air.

The Personal Air and Land Vehicle (PAL-V) can be configured as a gyrocopter, requiring a 165m (540 ft) runway to take-off, or as a three wheeled car.

PAL-V chief executive Robert Dingemanse said that private individuals had expressed an interest in the machine, but he was also hoping that military and emergency services could find a use for it.

Several test flights have been successfully conducted and the company is now looking for investors to take the PAL-V through the final development stage.

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